📌 🚀
🔹 Asset: APLD (Applied Digital Corporation)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $8.35 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $7.19 (Strong Support Level)
🎯 Take Profit Targets
📌 TP1: $10.18 (First Resistance Level)
📌 TP2: $11.91 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $8.35 - $7.19 = $1.16 risk per share
📈 Reward to TP1: $10.18 - $8.35 = $1.83 (1:1.57 R/R)
📈 Reward to TP2: $11.91 - $8.35 = $3.56 (1:3.07 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakout: The price is breaking out of a descending trendline, signaling potential bullish momentum.
📌 Breakout Confirmation: A strong bullish candle closing above $8.35 with increased volume confirms the move.
📌 Momentum Shift Expected: If the price holds above $8.35, we expect a move toward $10.18 (TP1) and $11.91 (TP2).
📊 Key Support & Resistance Levels
🔴 $7.19 – Strong Support / Stop-Loss Level
🟡 $8.35 – Entry / Breakout Level
🟢 $10.18 – First Resistance / TP1
🟢 $11.91 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $8.35 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.35) after TP1 ($10.18) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $10.18, let the rest run to $11.91.
✔ Adjust Stop-Loss to Break-even ($8.35) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $8.35 and falls back below $8.00, exit early.
❌ Wait for a strong bullish candle close above $8.35 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $8.35 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.57 to TP1, 1:3.07 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #APLD #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
🔹 Asset: APLD (Applied Digital Corporation)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $8.35 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $7.19 (Strong Support Level)
🎯 Take Profit Targets
📌 TP1: $10.18 (First Resistance Level)
📌 TP2: $11.91 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $8.35 - $7.19 = $1.16 risk per share
📈 Reward to TP1: $10.18 - $8.35 = $1.83 (1:1.57 R/R)
📈 Reward to TP2: $11.91 - $8.35 = $3.56 (1:3.07 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakout: The price is breaking out of a descending trendline, signaling potential bullish momentum.
📌 Breakout Confirmation: A strong bullish candle closing above $8.35 with increased volume confirms the move.
📌 Momentum Shift Expected: If the price holds above $8.35, we expect a move toward $10.18 (TP1) and $11.91 (TP2).
📊 Key Support & Resistance Levels
🔴 $7.19 – Strong Support / Stop-Loss Level
🟡 $8.35 – Entry / Breakout Level
🟢 $10.18 – First Resistance / TP1
🟢 $11.91 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $8.35 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.35) after TP1 ($10.18) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $10.18, let the rest run to $11.91.
✔ Adjust Stop-Loss to Break-even ($8.35) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $8.35 and falls back below $8.00, exit early.
❌ Wait for a strong bullish candle close above $8.35 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $8.35 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.57 to TP1, 1:3.07 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #APLD #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.