Asset: Oportun Financial Corporation (OPRT)
Timeframe: 30-Min Chart
Setup Type: Trendline & Support Bounce Long Trade
Trade Plan (Long Position)
Entry Zone: Above $7.80 (Bounce Confirmation)
Stop-Loss (SL): Below $7.34 (Break of Support & Trendline)
Take Profit Targets
TP1: $8.51 (First Resistance Level)
TP2: $9.23 (Extended Bullish Target)
Risk-Reward Ratio Calculation
Risk (SL Distance): $7.34 – $7.80 = $0.46 risk per share
Reward to TP1: $8.51 – $7.80 = $0.71 (1.54 R/R)
Reward to TP2: $9.23 – $7.80 = $1.43 (3.1 R/R)
Technical Analysis & Strategy
Trendline Support: The price is testing a rising trendline (pink line), aligning with horizontal support (~$7.80).
Breakout Confirmation: A strong bullish candle above $7.97 with volume would indicate momentum.
Pattern Formation: A pullback retest setup following a recent downtrend, showing signs of reversal.
Key Support & Resistance Levels
🟢 $7.34 – Strong Support / Stop-Loss Level
🟡 $7.80 – Entry / Trendline Support
$8.51 – First Resistance / TP1
🟢 $9.23 – Final Target / TP2
Momentum Shift Expected
If price stays above $7.80, we could see a rally toward $8.51 and $9.23.
A high-volume push above $7.97 would confirm bullish sentiment.
Trade Execution & Risk Management
Volume Confirmation: Ensure strong buying volume at $7.80+ before entering.
Trailing Stop Strategy: Move SL to entry ($7.80) after TP1 ($8.51) is hit.
Partial Profit Booking Strategy: Take 50% profits at $8.51, let the rest run to $9.23.
Adjust Stop-Loss to Break-even ($7.80) after TP1 is reached.
️ Fake Breakout Risk
If price breaks below $7.34, it could indicate a bearish continuation—exit early.
Wait for a strong candle close above $7.97 for confirmation before entering aggressively.
Final Thoughts
Bullish Setup – Holding above $7.80 could lead to higher targets.
Momentum Shift Possible – Watch for volume confirmation.
Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.1 to TP2.
Stick to the plan, manage risk, and trade smart!
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