VPG – 30-Min Long Trade Setup!📈
🔹 Ticker: VPG (NYSE)
🔹 Setup: Falling Wedge Breakout + Key Support Hold
🔸 Breakout Zone: ~$21.40 (yellow zone breakout)
📊 Trade Plan (Long Position)
✅ Entry Zone: $21.35–$21.50
✅ Stop Loss (SL): Below $19.47 (white support zone)
✅ Take Profit Targets:
📌 TP1: $24.19 (red resistance zone)
📌 TP2: $27.48 (green swing high)
📐 Risk-Reward Breakdown
📉 Risk:
$21.40 - $19.47 = $1.93
📈 Reward to TP1:
$24.19 - $21.40 = $2.79 → R/R ≈ 1.45:1
📈 Reward to TP2:
$27.48 - $21.40 = $6.08 → R/R ≈ 3.15:1
🔍 Technical Highlights
Falling wedge breakout with bullish confirmation
Price defended yellow zone with tight candles
Reversal signs near oversold levels
Breakout volume rising = positive momentum
⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Book partial gains
📈 Let remainder ride to TP2 with a trailing stop below breakout structure
⚠️ Setup Invalidation
❌ Break and close below $19.47
❌ Bearish engulfing below yellow zone
❌ Loss of breakout volume momentum
