APPX (Tradr 2X Long APP Daily ETF) Long

Asset: APPX (2x Leveraged ETF tracking APP)

Timeframe: 15-min Heikin Ashi

Bias: Bullish continuation off key trend support

Entry Zone: Around 134.38 (current price)

Stop Loss: 130.12

Take Profit: 157.62

RRR (Risk/Reward): ~7.22

Target Gain: +17.69%

Potential Drawdown: -2.45%

Technical Breakdown

Trend: Still bullish despite correction, holding within long-term rising channel.

Channel Support: Price bounced right off the lower boundary of the channel.

EMA Confluence: 55 EMA and 200 EMA providing dynamic support here.

Demand Zone: Prior breakout zone held well (~132–134), acting as demand now.

Momentum: Bullish candles emerging post-pullback; volume tapering during pullback = healthy.

💼 Trade Management

Max Risk: 1–3% capital only due to ETF leverage.

Trade Tactic: SL under 130.12, below structure and EMA support.

SL to BE: Move stop to breakeven around 142+.

Scaling: Add on breakout of recent consolidation highs.

YTD: Extremely strong rally, up multiple legs with corrections respected technically.

“In trading, the goal is to play great defense, not great offense.” – Paul Tudor Jones

⚠️ Disclaimer: Leveraged ETFs amplify moves. Always manage size and don’t overstay positions.

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