Asset: MoneyLion Inc. (ML)
Timeframe: 30-Min Chart
Setup Type: Descending Triangle Breakout
Trade Plan:
Entry Zone: $87.00 – $87.14 (Breakout Confirmation)
Stop-Loss (SL): $86.53 (Below Key Support)
Take Profit Targets:
TP1: $87.71 (First Resistance)
TP2: $88.50 (Extended Target)
Risk-Reward Ratio Calculation:
Risk (Stop-Loss Distance):
$87.00 – $86.53 = $0.47
Reward to TP1:
$87.71 – $87.00 = $0.71
Risk-Reward Ratio to TP1: 1:1.5
Reward to TP2:
$88.50 – $87.00 = $1.50
Risk-Reward Ratio to TP2: 1:3.2
Technical Analysis & Strategy:
Breakout Confirmation: Watch for strong volume push above $87.14.
Pattern Formation: Descending Triangle, signaling a potential bullish breakout.
Key Support & Resistance Levels:
🟢 $86.53 (Support / SL Level)
🟢 $87.00 – $87.14 (Breakout Zone)
🟢 $87.71 (First Profit Target / Resistance)
🟢 $88.50 (Final Target for Momentum Extension)
Momentum Shift Expected:
If price holds above $87.14, we could see a rally towards $87.71 and beyond.
Trade Execution & Risk Management:
Volume Confirmation: Ensure strong buying volume above $87.14 before entering.
Trailing Stop Strategy: If price reaches TP1 ($87.71), move SL to $87.14 to protect profits.
Partial Profit Booking Strategy:
Take 50% at $87.71, let the rest run to $88.50.
Adjust Stop-Loss to Break-even ($87.14) after TP1 is hit.
️ Fake Breakout Risk:
If price fails to hold above $87.00, be cautious and avoid entering early.
Final Thoughts:
Bullish Setup – If price sustains above $87.14, a strong move is expected.
Momentum Shift Possible – Watch for volume increase to confirm the trend.
Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.2 to TP2.
Stick to the plan, manage risk, and trade smart!
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