ARLO/USD – 30-Min Long Trade Setup!📌 🚀
🔹 Asset: ARLO (Arlo Technologies, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $14.38 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $13.42 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $15.52 (First Resistance Level)
📌 TP2: $16.73 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $14.38 - $13.42 = $0.96 risk per share
📈 Reward to TP1: $15.52 - $14.38 = $1.14 (1:1.2 R/R)
📈 Reward to TP2: $16.73 - $14.38 = $2.35 (1:2.4 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Price has broken above a resistance level at $14.38, signaling bullish momentum.
📌 Uptrend Confirmation: The stock is forming higher highs and higher lows, confirming an uptrend.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $14.38 to confirm strength.
📌 Momentum Shift Expected: If the price remains above $14.38, a move toward $15.52 and then $16.73 is probable.
📊 Key Support & Resistance Levels
🟢 $13.42 – Stop-Loss / Support Level
🟡 $14.38 – Breakout Level / Long Entry
🔴 $15.52 – First Resistance / TP1
🔴 $16.73 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $14.38 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($14.38) after TP1 ($15.52) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $15.52, let the rest run toward $16.73.
✔ Adjust Stop-Loss to Break-even ($14.38) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $14.38 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $14.38 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $14.38 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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