Long Trade Setup – EHAB!📈
🔹 Asset: Enhabit, Inc. (NYSE: EHAB)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Bullish Trendline Breakout / Flag Continuation
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $10.26 (Confirmed breakout above consolidation)
✅ Stop-Loss (SL): Below $9.71 (Support and trendline invalidation)
🎯 Take Profit Targets
📌 TP1: $11.04 – Resistance from previous swing
📌 TP2: $11.86 – Measured move target
📊 Risk-Reward Calculation
📉 Risk: $10.26 - $9.71 = $0.55
📈 Reward to TP1: $11.04 - $10.26 = $0.78 → R/R = 1:1.42
📈 Reward to TP2: $11.86 - $10.26 = $1.60 → R/R = 1:2.91 ✅
🔍 Technical Highlights
📌 Strong uptrend followed by bullish consolidation
📌 Volume contraction during pullback, breakout on fresh demand
📌 Trendline support holding firm with higher lows
📌 Breakout candle closes above key resistance
📈 Execution Strategy
📊 Enter near $10.26 with breakout confirmation
📉 SL below $9.71 to stay protected
💰 TP1 at $11.04, let remaining ride to $11.86
🚨 Invalidation Risk
❌ Breakdown below $9.71 invalidates the bullish setup
❌ Weak follow-through = reevaluate position
🚀 Final Take
✔ Great continuation setup with tight risk
✔ Strong R:R ratio if momentum holds
✔ Let profits run while trailing smart!
