🚀
🔹 Asset: ADVM – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout (Rising Wedge & Fibonacci Confluence)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $5.38 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $5.09 (Key Support Level)
🎯 Take Profit Targets
📌 TP1: $5.85 (Resistance Level)
📌 TP2: $6.38 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$5.38 - $5.09 = $0.29 risk per share
📈 Reward to TP1:
$5.85 - $5.38 = $0.47 (1:1.62 R/R)
📈 Reward to TP2:
$6.38 - $5.38 = $1.00 (1:3.44 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakout: Price action is holding above key levels, signaling bullish momentum.
📌 Fibonacci Confluence: The 0.382, 0.5, and 0.618 retracement levels provide strong support.
📌 Volume Confirmation Needed: Look for above-average buying volume above $5.38 to validate the breakout.
📌 Resistance at $5.85: A breakout above this will strengthen the bullish move toward TP2.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $5.38 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($5.38) after hitting TP1 ($5.85).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($5.85), let the rest run toward TP2 ($6.38).
✔ Adjust Stop-Loss to Break-even ($5.38) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakout Risk: If the price fails to hold above $5.38, exit early.
❌ Confirmation Required: Wait for a 30-min candle close above $5.38 before entering.
🚀 Final Thoughts
✔ Bullish Setup – Strong upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.44 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ADVM #NASDAQ #LongTrade #TradingView #ProfittoPath 💰📊
🔹 Asset: ADVM – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout (Rising Wedge & Fibonacci Confluence)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $5.38 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $5.09 (Key Support Level)
🎯 Take Profit Targets
📌 TP1: $5.85 (Resistance Level)
📌 TP2: $6.38 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$5.38 - $5.09 = $0.29 risk per share
📈 Reward to TP1:
$5.85 - $5.38 = $0.47 (1:1.62 R/R)
📈 Reward to TP2:
$6.38 - $5.38 = $1.00 (1:3.44 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakout: Price action is holding above key levels, signaling bullish momentum.
📌 Fibonacci Confluence: The 0.382, 0.5, and 0.618 retracement levels provide strong support.
📌 Volume Confirmation Needed: Look for above-average buying volume above $5.38 to validate the breakout.
📌 Resistance at $5.85: A breakout above this will strengthen the bullish move toward TP2.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $5.38 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($5.38) after hitting TP1 ($5.85).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($5.85), let the rest run toward TP2 ($6.38).
✔ Adjust Stop-Loss to Break-even ($5.38) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakout Risk: If the price fails to hold above $5.38, exit early.
❌ Confirmation Required: Wait for a 30-min candle close above $5.38 before entering.
🚀 Final Thoughts
✔ Bullish Setup – Strong upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.44 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ADVM #NASDAQ #LongTrade #TradingView #ProfittoPath 💰📊
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.