EDIT/USD – 30-Min Long Trade Setup !📌 🚀
🔹 Asset: EDIT (Editas Medicine, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $1.85 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $1.67 (Support Breakdown)
🎯 Take Profit Targets:
📌 TP1: $2.07 (First Resistance Level)
📌 TP2: $2.33 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $1.85 - $1.67 = $0.18 risk per share
📈 Reward to TP1: $2.07 - $1.85 = $0.22 (1:1.2 R/R)
📈 Reward to TP2: $2.33 - $1.85 = $0.48 (1:2.67 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakout: Price is consolidating in a triangle and approaching a breakout point.
📌 Bullish Momentum Building: A breakout above $1.85 with strong volume will confirm the move.
📌 Volume Confirmation Needed: Ensure high volume when price breaks resistance to confirm bullish momentum.
📌 Momentum Shift Expected: If the price stays above $1.85, a move toward $2.07 and then $2.33 is likely.
📊 Key Support & Resistance Levels
🟢 $1.67 – Strong Support / Stop-Loss Level
🟡 $1.85 – Entry / Breakout Level
🔴 $2.07 – First Resistance / TP1
🟢 $2.33 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $1.85 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($1.85) after TP1 ($2.07) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $2.07, let the rest run to $2.33.
✔ Adjust Stop-Loss to Break-even ($1.85) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $1.85 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $1.85 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $1.85 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.67 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #EDIT #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
