Compass, Inc.
Panjang

COMP/USD โ€“ 30-Min Breakout Trade Setup!

60
๐Ÿ“Œ
๐Ÿ”น Asset: Compass, Inc. (COMP/USD)
๐Ÿ”น Timeframe: 30-Min Chart
๐Ÿ”น Setup Type: Symmetrical Triangle Breakout

๐Ÿ“Œ Trade Plan (Long Position)
โœ… Entry Zone: Above $9.10 (Breakout Confirmation)
โœ… Stop-Loss (SL): Below $8.60 (Break of Support & Triangle)

๐ŸŽฏ Take Profit Targets
๐Ÿ“Œ TP1: $9.61 (First Resistance Level)
๐Ÿ“Œ TP2: $10.28 (Final Target โ€“ Extended Move)

๐Ÿ“Š Risk-Reward Ratio Calculation
๐Ÿ“ˆ Risk (SL Distance): $9.10 - $8.60 = $0.50 risk per share
๐Ÿ“ˆ Reward to TP1: $9.61 - $9.10 = $0.51 (1:1.02 R/R)
๐Ÿ“ˆ Reward to TP2: $10.28 - $9.10 = $1.18 (1:2.36 R/R)

๐Ÿ” Technical Analysis & Strategy
๐Ÿ“Œ Symmetrical Triangle Breakout: COMP is forming a consolidation pattern with a breakout above $9.10 signaling bullish momentum.
๐Ÿ“Œ Trendline & Support Bounce: Price is testing key trendline resistance, with a breakout likely to push it toward higher resistance levels.
๐Ÿ“Œ Breakout Confirmation: A strong bullish candle closing above $9.10 with increasing volume confirms the trade.
๐Ÿ“Œ Momentum Shift Expected: Holding above $9.10 could trigger a rally toward TP1 ($9.61) and TP2 ($10.28).

๐Ÿ“Š Key Support & Resistance Levels
๐ŸŸข $8.60 โ€“ Strong Support / Stop-Loss Level
๐ŸŸก $9.10 โ€“ Entry / Breakout Level
๐Ÿ”ด $9.61 โ€“ First Resistance / TP1
๐ŸŸข $10.28 โ€“ Final Target / TP2

๐Ÿš€ Trade Execution & Risk Management
๐Ÿ“Š Volume Confirmation: Ensure strong buying volume above $9.10 before entering.
๐Ÿ“ˆ Trailing Stop Strategy: Move SL to entry ($9.10) after TP1 ($9.61) is hit.
๐Ÿ’ฐ Partial Profit Booking Strategy:
โœ” Take 50% profits at $9.61, let the rest run to $10.28.
โœ” Adjust Stop-Loss to Break-even ($9.10) after TP1 is reached.

โš ๏ธ Fake Breakout Risk
โŒ If price fails to hold above $9.10 and falls back, it could indicate a false breakoutโ€”exit early.
โŒ Wait for a strong candle close above $9.10 for confirmation before entering aggressively.

๐Ÿš€ Final Thoughts
โœ” Bullish Setup โ€“ Holding above $9.10 could lead to higher targets.
โœ” Momentum Shift Possible โ€“ Watch for volume confirmation.
โœ” Favorable Risk-Reward Ratio โ€“ 1:1.02 to TP1, 1:2.36 to TP2.
๐Ÿ’ก Stick to the plan, manage risk, and trade smart! ๐Ÿš€๐Ÿ†

๐Ÿ”— #StockTrading #COMP #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis ๐Ÿš€๐Ÿ“ˆ

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