### ๐ฅ CRSR Long Trade Setup (30-Min Chart) ๐
๐ **Stock**: CRSR (NASDAQ)
โณ **Timeframe**: 30-Min Chart
๐ **Setup Type**: Bullish Breakout
๐ **Trade Plan**:
โ **Entry Zone**: $9.12 - $9.20 (Breakout from the wedge pattern)
๐ **Take Profit 1 (TP1)**: $9.52 (First Resistance Level)
๐ **Take Profit 2 (TP2)**: $10.01+ (Extended Target if bullish momentum continues)
๐ป **Stop-Loss (SL)**: $8.69 (Below key support to limit risk)
๐ **Risk-Reward Ratio**: Favorable for a bullish continuation ๐
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### ๐น **Technical Analysis & Setup**
โ **Pattern**: Bullish breakout from a wedge/triangle pattern
โ **Support Zone**: Holding above **$8.69** is crucial for continuation
โ **Breakout Confirmation Needed**: Price must **close above $9.12** with strong volume
โ **Momentum Shift Expected**: Break above $9.52 could push the price toward $10.01
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### ๐ฅ **Trade Strategy & Refinements**
๐ **Volume Confirmation**: Look for increased buying volume above **$9.12** ๐
๐ **Trailing Stop Strategy**: Once price reaches **TP1 ($9.52)**, adjust SL higher to secure profits
๐ฐ **Partial Profit Booking**: Take some profits at **$9.52** and let the rest ride toward **$10.01+**
โ ๏ธ **Watch for Fake Breakouts**: If price falls below **$9.00**, reconsider the setup
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### ๐ **Final Thoughts**
โ **Bullish Breakout Expected** โ High probability of upward momentum ๐
โ **Strong Resistance at $9.52** โ Needs a breakout for further upside ๐ฐ
โ **Momentum Shift Possible** โ A break above $10.01 could lead to a bigger move ๐
๐ **Trade Smart & Stick to Your Plan!** ๐๐ฅ
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๐ **#LongTrade #StockTrading #CRSR #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfitToPath**
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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.