VSCO/USD – 30-Min Long Trade Setup !

📌 🚀

🔹 Asset: VSCO (Victoria's Secret & Co.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $22.21 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $21.19 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: $23.55 (First Resistance Level)
📌 TP2: $25.31 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $22.21 - $21.19 = $1.02 risk per share
📈 Reward to TP1: $23.55 - $22.21 = $1.34 (1:1.3 R/R)
📈 Reward to TP2: $25.31 - $22.21 = $3.10 (1:3 R/R)

🔍 Technical Analysis & Strategy
📌 Downtrend Breakout: Price has broken a falling trendline, signaling a bullish reversal.
📌 Support Rejection: The price bounced off $21.19 support, showing buyer strength.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $22.21 to confirm bullish momentum.
📌 Momentum Shift Expected: If price remains above $22.21, it could push toward $23.55, and further to $25.31.

📊 Key Support & Resistance Levels
🟢 $21.19 – Stop-Loss / Support Level
🟡 $22.21 – Breakout Level / Long Entry
🔴 $23.55 – First Resistance / TP1
🔴 $25.31 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $22.21 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($22.21) after TP1 ($23.55) is hit.

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $23.55, let the rest run toward $25.31.
✔ Adjust Stop-Loss to Break-even ($22.21) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If the price fails to hold above $22.21 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $22.21 before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Bouncing from $21.19 support suggests a potential reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.3 to TP1, 1:3 to TP2.

💡 Stick to the plan, manage risk, and trade smart! 🚀📈

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