COMP/USD – 30-Min Breakout Trade Setup!📌
🔹 Asset: Compass, Inc. (COMP/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $9.10 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $8.60 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $9.61 (First Resistance Level)
📌 TP2: $10.28 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $9.10 - $8.60 = $0.50 risk per share
📈 Reward to TP1: $9.61 - $9.10 = $0.51 (1:1.02 R/R)
📈 Reward to TP2: $10.28 - $9.10 = $1.18 (1:2.36 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: COMP is forming a consolidation pattern with a breakout above $9.10 signaling bullish momentum.
📌 Trendline & Support Bounce: Price is testing key trendline resistance, with a breakout likely to push it toward higher resistance levels.
📌 Breakout Confirmation: A strong bullish candle closing above $9.10 with increasing volume confirms the trade.
📌 Momentum Shift Expected: Holding above $9.10 could trigger a rally toward TP1 ($9.61) and TP2 ($10.28).
📊 Key Support & Resistance Levels
🟢 $8.60 – Strong Support / Stop-Loss Level
🟡 $9.10 – Entry / Breakout Level
🔴 $9.61 – First Resistance / TP1
🟢 $10.28 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $9.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($9.10) after TP1 ($9.61) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.61, let the rest run to $10.28.
✔ Adjust Stop-Loss to Break-even ($9.10) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $9.10 and falls back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $9.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $9.10 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.02 to TP1, 1:2.36 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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