CXW – 30-Min Long Trade Setup!

📈 🟢
🔹 Asset: CoreCivic, Inc. (CXW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest

📊 Trade Plan – Long Position
✅ Entry Zone: $21.50 (Breakout above resistance + trendline support)
✅ Stop-Loss (SL): $21.11 (Below breakout candle & structure)

🎯 Take Profit Targets:
📌 TP1: $21.95 – Previous resistance
📌 TP2: $22.43 – Key supply zone

📐 Risk-Reward Calculation
🟥 Risk: $0.39/share
🟩 Reward to TP2: $0.93/share
📊 R/R Ratio: ~1 : 2.4 – Tight setup with decent reward

🔍 Technical Highlights
📌 Breakout above symmetrical triangle pattern ✔
📌 Price consolidating above key support zone ✔
📌 Volume is stable — watch for increase on follow-through ✔
📌 Higher low structure with strong bullish candles ✔

📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Take 50% off at TP1
🚀 Let remainder ride to TP2

🚨 Setup Invalidation If:
❌ Price closes below $21.11
❌ No bullish volume follow-through
❌ Rejection from $21.95 with long wicks

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