AEVA – 30-Min Bullish Setup!📈
🔹 Asset: AEVA Technologies
🔹 Timeframe: 30-Min
🔹 Setup Type: Ascending Triangle Breakout + Support Hold
🔸 Price at Breakout: ~$7.01
📊 Trade Plan (Long Position)
✅ Entry Zone: $7.00–$7.10 (breakout candle above trendline + yellow resistance zone)
✅ Stop Loss (SL): Below $6.34 (white horizontal support line)
✅ Take Profit Targets:
📌 TP1: $7.94 (red line – recent swing high/resistance)
📌 TP2: $9.12 (green line – next major resistance / measured move)
📐 Risk-Reward Ratio
📉 Risk per Share:
$7.00 - $6.34 = $0.66
📈 Reward to TP1:
$7.94 - $7.00 = $0.94 → 1.42:1 R/R
📈 Reward to TP2:
$9.12 - $7.00 = $2.12 → 3.21:1 R/R
🧠 Technical Confluence
📌 Ascending Trendline: Support from rising lows (pink line)
📌 Horizontal Resistance Break: $7.00–$7.10 breakout zone
📌 Volume Confirmation Needed: Ideally accompanied by increasing buy volume
📌 Strong Structure Below: Key bounce level at $6.34 acts as invalidation zone
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Book 50% profits
🎯 Let the rest ride to TP2
🔐 Trail SL below new support as it forms
⚠️ Invalidation
❌ Close below $6.34 support zone
❌ Weak volume on breakout or fakeout rejection
🦅 Final Notes
✔ Strong uptrend + clean breakout structure
✔ Great R/R setup with clear technical zones
✔ Smart entry above consolidation — watch price action closely!
