NB Long Trade Setup (30-Min Chart) !### π **ππ₯**
π **Stock:** NB (NASDAQ)
β³ **Timeframe:** 30-Min Chart
π **Setup Type:** Bullish Breakout
### π **Trade Plan:**
β
**Entry Zone:** **$2.30 - $2.37** (Breakout from Ascending Triangle)
π **Take Profit 1 (TP1):** **$2.68** (Key Resistance)
π **Take Profit 2 (TP2):** **$3.05+** (Extended Target if momentum continues)
π» **Stop-Loss (SL):** **$2.06** (Below trendline support for risk control)
π **Risk-Reward Ratio:** Favorable for a bullish continuation ππ
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### πΉ **Technical Analysis & Setup:**
β
**Pattern:** **Ascending Triangle Breakout** π
β
**Support Zone:** Strong buyer interest around **$2.30 - $2.37 (Yellow Zone)**
β
**Breakout Confirmation Needed:** Price should hold above $2.37 with strong volume
β
**Momentum Shift Expected:** Breakout above resistance signals **potential trend continuation**
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### π₯ **Trade Strategy & Refinements:**
π **Volume Confirmation:** Look for **increased buying volume** above $2.37 π
π **Trailing Stop Strategy:** Once price reaches **TP1 ($2.68), adjust SL higher** to lock in profits
π° **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($3.05+)**
β οΈ **Watch for Fake Breakouts:** If price **falls below $2.30**, reconsider the setup
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### π **Final Thoughts:**
β
**Bullish Continuation Expected β High probability of breakout** π
β
**Strong Support at $2.30 - $2.37 β Ideal entry for risk-reward optimization** π°
β
**Momentum Shift Possible β A push above $2.68 could drive NB to $3.05+** π
π **Trade Smart & Stick to Your Plan!** ππ₯
Would you like any refinements or additional insights? ππ
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