Trade Setup Breakdown for NVST (30-Min Chart)!📊
🔹 Stock: NVST (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout
🚀 Trade Plan:
✅ Entry Zone: $21.00 - $21.10 (Breakout Confirmation)
✅ Stop-Loss (SL): $20.52 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $21.54 (First Resistance)
📌 TP2: $22.13 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$21.04 - $20.52 = $0.52
📈 Reward to TP1:
$21.54 - $21.04 = $0.50
💰 Risk-Reward Ratio to TP1: 1:0.96
📈 Reward to TP2:
$22.13 - $21.04 = $1.09
💰 Risk-Reward Ratio to TP2: 1:2.1
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking the falling wedge pattern with bullish momentum.
📌 Pattern Formation: Falling Wedge Breakout, indicating potential reversal.
📊 Key Support & Resistance Levels:
🟢 $20.52 (Support / SL Level)
🟢 $21.00 - $21.10 (Breakout Zone)
🟢 $21.54 (First Profit Target / Resistance)
🟢 $22.13 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $21.10, we could see a rally towards $21.54 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $21.10 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($21.54), move SL to $21.10 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $21.54, let the rest run to $22.13.
✔ Adjust Stop-Loss to Break-even ($21.10) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $21.00, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $21.10, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:0.96 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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