Asset: Satellogic Inc. (SATL)
Timeframe: 30-Min Chart
Setup Type: Symmetrical Triangle Breakout
Trade Plan (Long Position):
Entry Zone: $4.54 (Breakout Confirmation)
Stop-Loss (SL): $4.24 (Below Support)
Take Profit Targets (Long Trade):
TP1: $4.94 (First Resistance)
TP2: $5.34 (Extended Bullish Target)
Risk-Reward Ratio Calculation:
Risk (Stop-Loss Distance):
$4.54 – $4.24 = $0.30
Reward to TP1:
$4.94 – $4.54 = $0.40
Risk-Reward Ratio to TP1: 1:1.33
Reward to TP2:
$5.34 – $4.54 = $0.80
Risk-Reward Ratio to TP2: 1:2.67
Technical Analysis & Strategy:
Breakout Confirmation: Strong buying momentum above $4.54 signals continuation.
Pattern Formation: Symmetrical Triangle Breakout, indicating bullish movement.
Key Support & Resistance Levels:
🟢 $4.24 (Strong Support / SL Level)
🟡 $4.54 (Breakout Zone / Entry)
$4.94 (First Profit Target / Resistance)
🟢 $5.34 (Final Target for Momentum Extension)
Momentum Shift Expected:
If price sustains above $4.54, it could push towards $4.94 and $5.34.
A high-volume breakout would confirm trend continuation.
Trade Execution & Risk Management:
Volume Confirmation: Ensure buying volume remains strong after breakout.
Trailing Stop Strategy: If price reaches TP1 ($4.94), move SL to entry ($4.54) to lock in profits.
Partial Profit Booking Strategy:
Take 50% profits at $4.94, let the rest run to $5.34.
Adjust Stop-Loss to Break-even ($4.54) after TP1 is hit.
️ Fake Breakout Risk:
If price drops below $4.54, be cautious and watch for a retest before re-entering.
Final Thoughts:
Bullish Setup – If price holds above $4.54, higher targets are expected.
Momentum Shift Possible – Watch for volume confirmation.
Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.67 to TP2.
Stick to the plan, manage risk, and trade smart!
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