Asset: Adea Inc. (ADEA/USD)
Timeframe: 30-Min Chart
Setup Type: Symmetrical Triangle Breakout
Trade Plan (Long Position)
Entry Zone: Above $17.04 (Breakout Confirmation)
Stop-Loss (SL): Below $16.41 (Break of Support & Triangle)
Take Profit Targets
TP1: $17.68 (First Resistance Level)
TP2: $18.55 (Final Target – Extended Move)
Risk-Reward Ratio Calculation
Risk (SL Distance): $17.04 – $16.41 = $0.63 risk per share
Reward to TP1: $17.68 – $17.04 = $0.64 (1:1.01 R/R)
Reward to TP2: $18.55 – $17.04 = $1.51 (1:2.39 R/R)
Technical Analysis & Strategy
Symmetrical Triangle Breakout: ADEA is forming a consolidation pattern, with a breakout above $17.04 signaling bullish momentum.
Trendline & Support Bounce: Price is testing key trendline resistance, and a breakout may push it toward higher resistance levels.
Breakout Confirmation: A strong bullish candle close above $17.04 with increasing volume confirms the trade.
Momentum Shift Expected: Holding above $17.04 could trigger a rally toward TP1 ($17.68) and TP2 ($18.55).
Key Support & Resistance Levels
🟢 $16.41 – Strong Support / Stop-Loss Level
🟡 $17.04 – Entry / Breakout Level
$17.68 – First Resistance / TP1
🟢 $18.55 – Final Target / TP2
Trade Execution & Risk Management
Volume Confirmation: Ensure strong buying volume above $17.04 before entering.
Trailing Stop Strategy: Move SL to entry ($17.04) after TP1 ($17.68) is hit.
Partial Profit Booking Strategy:
Take 50% profits at $17.68, let the rest run to $18.55.
Adjust Stop-Loss to Break-even ($17.04) after TP1 is reached.
️ Fake Breakout Risk
If price fails to hold above $17.04 and falls back, it could indicate a false breakout—exit early.
Wait for a strong candle close above $17.04 for confirmation before entering aggressively.
Final Thoughts
Bullish Setup – Holding above $17.04 could lead to higher targets.
Momentum Shift Possible – Watch for volume confirmation.
Favorable Risk-Reward Ratio – 1:1.01 to TP1, 1:2.39 to TP2.
Stick to the plan, manage risk, and trade smart!
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