Long Trade Setup Breakdown for Long UBER Daily 30Mins📊
🔹 Asset: GraniteShares 2x Long UBER Daily ETF (UBRL)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $27.34 (Breakout Confirmation)
✅ Stop-Loss (SL): $26.73 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $28.04 (First Resistance)
📌 TP2: $28.82 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$27.34 - $26.73 = $0.61
📈 Reward to TP1:
$28.04 - $27.34 = $0.70
💰 Risk-Reward Ratio to TP1: 1:1.15
📈 Reward to TP2:
$28.82 - $27.34 = $1.48
💰 Risk-Reward Ratio to TP2: 1:2.4
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $27.34 signals continuation.
📌 Pattern Formation: Rising wedge breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $26.73 (Strong Support / SL Level)
🟡 $27.34 (Breakout Zone / Entry)
🔴 $28.04 (First Profit Target / Resistance)
🟢 $28.82 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $27.34, it could push towards $28.04 and $28.82.
A higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($28.04), move SL to entry ($27.34) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $28.04, let the rest run to $28.82.
✔ Adjust Stop-Loss to Break-even ($27.34) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $27.34, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $27.34, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.15 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #UBRL #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
