TGTX/USD – 30-Min Long Trade Setup!

📌 🚀
🔹 Asset: TGTX (TG Therapeutics, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $40.96 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $39.25 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: $42.86 (First Resistance Level)
📌 TP2: $45.33 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):

$40.96 - $39.25 = $1.71 risk per share
📈 Reward to TP1:

$42.86 - $40.96 = $1.90 (1:1.1 R/R)
📈 Reward to TP2:

$45.33 - $40.96 = $4.37 (1:2.56 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Flag Breakout: The price has broken a consolidation zone, signaling a bullish continuation.
📌 Retest Confirmation: Price is retesting $40.96, a previous resistance now acting as support.
📌 Strong Uptrend: Higher highs and higher lows confirm bullish momentum.
📌 Key Support at $39.25: If the price holds above this, bullish momentum remains valid.

📊 Key Support & Resistance Levels
🟢 $39.25 – Stop-Loss / Strong Support
🟡 $40.96 – Breakout Level / Long Entry
🔴 $42.86 – First Resistance / TP1
🟢 $45.33 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $40.96 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($40.96) after TP1 ($42.86) is hit.

💰 Partial Profit Booking Strategy
✔ Take 50% profits at $42.86, let the rest run toward $45.33.
✔ Adjust Stop-Loss to Break-even ($40.96) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If the price fails to hold above $40.96 and drops back below, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $40.96 before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Breaking above $40.96 signals potential continuation.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.56 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈

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