PEPG/USD โ 30-Min Long Trade Setup!๐ ๐
๐น Asset: PEPG (PepGen Inc.)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Breakout Trade
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $3.16 (Breakout Confirmation)
โ
Stop-Loss (SL): Below $2.70 (Invalidation Level)
๐ฏ Take Profit Targets:
๐ TP1: $3.79 (First Resistance Level)
๐ TP2: $4.53 (Extended Bullish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $3.16 - $2.70 = $0.46 risk per share
๐ Reward to TP1: $3.79 - $3.16 = $0.63 (1:1.4 R/R)
๐ Reward to TP2: $4.53 - $3.16 = $1.37 (1:3 R/R)
๐ Technical Analysis & Strategy
๐ Bullish Breakout Formation: Price has broken above a key resistance level at $3.16, indicating bullish strength.
๐ Uptrend Confirmation: The stock has recovered from a downtrend, showing strong buying pressure.
๐ Volume Confirmation Needed: Ensure high buying volume when price holds above $3.16 to confirm the breakout.
๐ Momentum Shift Expected: If the price holds above $3.16, a move toward $3.79 and then $4.53 is likely.
๐ Key Support & Resistance Levels
๐ข $2.70 โ Stop-Loss / Support Level
๐ก $3.16 โ Breakout Level / Long Entry
๐ด $3.79 โ First Resistance / TP1
๐ด $4.53 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure high buying volume above $3.16 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($3.16) after TP1 ($3.79) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $3.79, let the rest run toward $4.53.
โ Adjust Stop-Loss to Break-even ($3.16) after TP1 is reached.
โ ๏ธ Fake Breakout Risk
โ If the price fails to hold above $3.16 and drops back, exit early to avoid losses.
โ Wait for a strong bullish candle close above $3.16 before entering aggressively.
๐ Final Thoughts
โ Bullish Setup โ Breaking above $3.16 could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.4 to TP1, 1:3 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #PEPG #LongTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis ๐๐ฅ