Stock: DJT (NASDAQ)
⏳ Timeframe: 30-Min Chart
Setup Type: Bullish Breakout
Trade Plan:
Entry: $31.60 (Breakout Confirmation)
Stop-Loss (SL): $29.50 (Below support level for risk protection)
Target 1: $35.02 (First Resistance Level)
Target 2: $37.74 (Major Resistance Level – Moon Shot! )
Risk-Reward Ratio: Favorable long setup
Momentum: Strong bullish breakout from consolidation
Pattern: Symmetrical Triangle Breakout
Trade Strategy & Refinements:
Volume Confirmation: Ensure strong buying volume to confirm the breakout.
Trailing Stop Strategy: If price reaches $35.02, consider moving SL to breakeven ($31.60) or higher.
Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
️ Watch for Retest: If price retests $31.60 and holds, it’s a strong confirmation.
Final Thoughts:
High Risk-Reward Setup – Favoring bulls.
Clear Breakout Structure – Potential for a strong rally.
Momentum Trade – If volume supports, expect continuation.
Plan Your Trade & Trade Your Plan!
Let me know if you need a deeper breakdown!
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