CMPX (NASDAQ) - 30-Min Chart Long Trade Setup for Monday!

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๐Ÿ”ฅ ๐Ÿš€

๐Ÿ” Stock: CMPX (NASDAQ)
โณ Timeframe: 30-Min Chart
๐Ÿ“ˆ Setup Type: Bullish Breakout
๐Ÿ“ Trade Plan:
โœ… Entry Zone: Above $3.50 - $3.64 (Breakout Confirmation)
๐ŸŸข Take Profit 1 (TP1): $3.64 (First Resistance Target)
๐ŸŸข Take Profit 2 (TP2): $3.80 (Extended Bullish Target)
๐Ÿš€ Stop-Loss (SL): Below $3.37 (Key Support)
๐Ÿ“Š Risk-Reward Ratio: Favorable for a bullish continuation ๐Ÿš€

๐Ÿ”น Technical Analysis & Setup:
โœ… Pattern: Ascending Triangle Breakout ๐Ÿ“ˆ
โœ… Breakout Confirmation Needed: Sustained price above $3.50 with volume increase
โœ… Support & Resistance Levels:
๐Ÿ”ธ $3.50 (Breakout Zone)
๐Ÿ”ธ $3.64 (First Major Resistance)
๐Ÿ”ธ $3.80 (Extended Target for strong momentum)
โœ… Momentum Shift Expected: A breakout above $3.50 could trigger an upside rally ๐Ÿš€
๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Look for increasing buying volume above $3.50 ๐Ÿ“ˆ
๐Ÿ“ˆ Trailing Stop Strategy: Once price reaches TP1 ($3.64), adjust SL higher to secure profits ๐Ÿ›‘
๐Ÿ’ฐ Partial Profit Booking: Take partial profits at $3.64 and let the rest ride toward $3.80+ ๐Ÿ’ต
โš ๏ธ Fake Breakout Risk: If the price fails to hold above $3.50, reconsider entry โŒ
๐Ÿš€ Final Thoughts:
โœ… Bullish Breakout Potential โ€“ High probability of continuation higher ๐Ÿ“ˆ
โœ… Momentum Shift Possible โ€“ A move above $3.64 could accelerate upside ๐Ÿš€
โœ… Strong Risk-Reward Setup โ€“ SL at $3.37, TP at $3.64 - $3.80+ for optimal gains
๐Ÿ“Š Trade Smart & Stick to the Plan! ๐Ÿ†๐Ÿ”ฅ

๐Ÿ”— #StockMarket #CMPX #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #BullishSetup #ProfittoPath ๐Ÿš€๐Ÿ“ˆ

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