Long Trade Setup Breakdown for Asana, Inc. (ASAN) - 30-Min !📊
🔹 Asset: Asana, Inc. (ASAN)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout from Descending Triangle
🚀 Trade Plan (Long Position):
✅ Entry Zone: $22.89 (Breakout Confirmation)
✅ Stop-Loss (SL): $21.85 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $24.05 (First Resistance)
📌 TP2: $25.36 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$22.89 - $21.85 = $1.04
📈 Reward to TP1:
$24.05 - $22.89 = $1.16
💰 Risk-Reward Ratio to TP1: 1:1.1
📈 Reward to TP2:
$25.36 - $22.89 = $2.47
💰 Risk-Reward Ratio to TP2: 1:2.4
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $22.89 signals continuation.
📌 Pattern Formation: Descending Triangle Breakout, suggesting bullish movement.
📊 Key Support & Resistance Levels:
🟢 $21.85 (Strong Support / SL Level)
🟡 $22.89 (Breakout Zone / Entry)
🔴 $24.05 (First Profit Target / Resistance)
🔴 $25.36 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $22.89, it could push towards $24.05 and $25.36.
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 ($24.05), move SL to entry ($22.89) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $24.05, let the rest run to $25.36.
✔ Adjust Stop-Loss to Break-even ($22.89) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $22.89 after breakout, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $22.89, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #ASAN #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
