ADMA (ADMA Biologics Inc.) – 30-Min Long Trade Setup!

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🔹 Asset: ADMA – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout (Rising Wedge & Fibonacci Confluence)

📊 Trade Plan (Long Position)
✅ Entry Zone: Above $20.60 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $19.75 (Key Support Level)

🎯 Take Profit Targets
📌 TP1: $21.68 (Resistance Level)
📌 TP2: $23.20 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$20.60 - $19.75 = $0.85 risk per share

📈 Reward to TP1:
$21.68 - $20.60 = $1.08 (1:1.27 R/R)

📈 Reward to TP2:
$23.20 - $20.60 = $2.60 (1:3.05 R/R)

✅ Favorable Risk-Reward Ratio toward TP2

🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakout: Price action is holding above key levels, signaling bullish momentum.
📌 Fibonacci Confluence: The 0.382, 0.5, and 0.618 retracement levels provide strong support.
📌 Volume Confirmation Needed: Look for above-average buying volume above $20.60 to validate the breakout.
📌 Resistance at $21.68: A breakout above this will strengthen the bullish move toward TP2.

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $20.60 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($20.60) after hitting TP1 ($21.68).

💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($21.68), let the rest run toward TP2 ($23.20).
✔ Adjust Stop-Loss to Break-even ($20.60) after TP1 is reached.

⚠️ Risks & Considerations
❌ Fake Breakout Risk: If the price fails to hold above $20.60, exit early.
❌ Confirmation Required: Wait for a 30-min candle close above $20.60 before entering.

🚀 Final Thoughts
✔ Bullish Setup – Strong upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.05 toward TP2.

💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ADMA #NASDAQ #LongTrade #TradingView #ProfittoPath 💰📊