LGO (NASDAQ) - 30-Min Chart Trade Setup Breakdown !📊🚀
🔍 **Stock:** LGO (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Breakout
### **📍 Trade Plan:**
✅ **Entry Zone:** Above **$2.13 - $2.14** (Breakout Confirmation)
🚀 **Take Profit 1 (TP1):** **$2.26** (First Resistance)
🚀 **Take Profit 2 (TP2):** **$2.42** (Extended Bullish Target)
🔻 **Stop-Loss (SL):** **Below $2.00** (Key Support)
📊 **Risk-Reward Ratio:** Favorable for a bullish continuation 📈
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### **🔹 Technical Analysis & Setup:**
✅ **Pattern:** Symmetrical Triangle Breakout 📈
✅ **Breakout Confirmation Needed:** Price holding above **$2.13** with volume support
✅ **Resistance Zones:**
- **$2.26:** First Major Resistance
- **$2.42:** Extended Target for strong momentum
✅ **Momentum Shift Expected:** A breakout could trigger a strong uptrend 🚀
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### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for increasing **buying volume above $2.13** 📉
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($2.26)**, adjust SL higher to secure profits 🛑
💰 **Partial Profit Booking:** Take partial profits at **$2.26** and let the rest ride toward **$2.42+** 💵
⚠️ **Fake Breakout Risk:** If price drops **back below $2.13**, reconsider entry ❌
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### **🚀 Final Thoughts:**
✅ **Bullish Breakout Confirmed** – High probability of **continuation higher** 📈
✅ **Momentum Shift Possible** – A **move above $2.26** could accelerate the upside 🚀
✅ **Strong Risk-Reward Setup** – SL at **$2.00**, TP at **$2.26 - $2.42** for optimal gains
📊 **Trade Smart & Stick to the Plan!** 🏆🔥
🔗 **#LongTrade #StockTrading #LGO #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath** 🚀📈
