PVLA – 30-Min Long Trade Setup !📌 🚀📈
🔹 Asset: Palvella Therapeutics, Inc. (NASDAQ: PVLA)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 24.77 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 23.29 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 26.77 (First Resistance Level)
📌 TP2: 28.81 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 24.77 - 23.29 = 1.48 risk per unit
📈 Reward to TP1: 26.77 - 24.77 = 2.00 (1:1.35 R/R)
📈 Reward to TP2: 28.81 - 24.77 = 4.04 (1:2.73 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout Confirmation: Price has broken a key ascending trendline and is holding above resistance.
📌 Support Confirmation: Strong demand at 23.29, acting as a buying zone.
📌 Volume Confirmation Needed: Increased buy volume above 24.77 supports momentum.
📌 Momentum Shift Expected: If price sustains above 24.77, it could rally toward 26.77, then 28.81.
📊 Key Resistance & Support Levels
🟢 28.81 – Final Target / TP2
🔴 26.77 – First Resistance / TP1
🟡 24.77 – Breakout Level / Long Entry
⚪ 23.29 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure above 24.77 before entering.
📉 Trailing Stop Strategy: Move SL to entry (24.77) after TP1 (26.77) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 26.77, let the rest run toward 28.81.
✔ Adjust Stop-Loss to Break-even (24.77) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 24.77 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breakout signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.73 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
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