Reasoning:
If Labelled a Swing trade(2-6 Week Holds)
If labelled a long term trade (3-12 Month Holds)
Note:
- Strong Industry/Sector (Social Media / AI Data Licensing)
- Fractal Setup: Cup & Handle visible on both Monthly and Daily charts
- Mid Cheat entry: Forming a low-risk pivot within the base
If Labelled a Swing trade(2-6 Week Holds)
- Entry: Full position on breakout (See Chart)
- Profit Taking: Sell 1/3 at Goal 1
- Final Exit: Remainder at Goal 2
If labelled a long term trade (3-12 Month Holds)
- Entry: Full position on breakout (See Chart)
- Profit Taking: Sell 1/4 to 1/5 at Goal 1
- Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
- Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter
Note:
- Remember: Every long-term investment alert can also be played as a swing trade.
- I normally use half the risk that I show here, this is because I am okay re-entering if it fails and it gives a better R/R ratio
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Get my trade ideas straight to your inbox.
👉 profitpunch.org
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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.
