Trade Setup Breakdown for NOTE (30-Min Chart)!📊
🔹 Stock: NOTE (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Resistance Breakout
🚀 Trade Plan:
✅ Entry Zone: $1.65 - $1.70 (Breakout Confirmation)
✅ Stop-Loss (SL): $1.58 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $1.78 (First Resistance)
📌 TP2: $1.90 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$1.67 - $1.58 = $0.09
📈 Reward to TP1:
$1.78 - $1.67 = $0.11
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$1.90 - $1.67 = $0.23
💰 Risk-Reward Ratio to TP2: 1:2.5
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price moving above $1.70 with increased volume.
📌 Pattern Formation: Trend Continuation with a Resistance Breakout, signaling bullish momentum.
📊 Key Support & Resistance Levels:
🟢 $1.58 (Support / SL Level)
🟢 $1.67 - $1.70 (Breakout Zone)
🟢 $1.78 (First Profit Target / Resistance)
🟢 $1.90 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $1.70, we could see an upside rally towards $1.78 and $1.90.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $1.70 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($1.78), move SL to $1.70 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $1.78, let the rest run to $1.90.
✔ Adjust Stop-Loss to Break-even ($1.70) after TP1 is hit.
⚠️ Fake Breakout Risk:
If the price fails to hold above $1.67, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Breakout Setup – If price sustains above $1.70, a strong move is expected.
✔ Momentum Shift Possible – Volume increase will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.5 to TP2.
💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆
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