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🔹 Asset: Oportun Financial Corporation (OPRT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline & Support Bounce Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $7.80 (Bounce Confirmation)
✅ Stop-Loss (SL): Below $7.34 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $8.51 (First Resistance Level)
📌 TP2: $9.23 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $7.34 - $7.80 = $0.46 risk per share
📈 Reward to TP1: $8.51 - $7.80 = $0.71 (1.54 R/R)
📈 Reward to TP2: $9.23 - $7.80 = $1.43 (3.1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Support: The price is testing a rising trendline (pink line), aligning with horizontal support (~$7.80).
📌 Breakout Confirmation: A strong bullish candle above $7.97 with volume would indicate momentum.
📌 Pattern Formation: A pullback retest setup following a recent downtrend, showing signs of reversal.
📊 Key Support & Resistance Levels
🟢 $7.34 – Strong Support / Stop-Loss Level
🟡 $7.80 – Entry / Trendline Support
🔴 $8.51 – First Resistance / TP1
🟢 $9.23 – Final Target / TP2
🚀 Momentum Shift Expected
📌 If price stays above $7.80, we could see a rally toward $8.51 and $9.23.
📌 A high-volume push above $7.97 would confirm bullish sentiment.
🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume at $7.80+ before entering.
📈 Trailing Stop Strategy: Move SL to entry ($7.80) after TP1 ($8.51) is hit.
💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $8.51, let the rest run to $9.23.
✔ Adjust Stop-Loss to Break-even ($7.80) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price breaks below $7.34, it could indicate a bearish continuation—exit early.
❌ Wait for a strong candle close above $7.97 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $7.80 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #OPRT #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis 🚀📈
🔹 Asset: Oportun Financial Corporation (OPRT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline & Support Bounce Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $7.80 (Bounce Confirmation)
✅ Stop-Loss (SL): Below $7.34 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $8.51 (First Resistance Level)
📌 TP2: $9.23 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $7.34 - $7.80 = $0.46 risk per share
📈 Reward to TP1: $8.51 - $7.80 = $0.71 (1.54 R/R)
📈 Reward to TP2: $9.23 - $7.80 = $1.43 (3.1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Support: The price is testing a rising trendline (pink line), aligning with horizontal support (~$7.80).
📌 Breakout Confirmation: A strong bullish candle above $7.97 with volume would indicate momentum.
📌 Pattern Formation: A pullback retest setup following a recent downtrend, showing signs of reversal.
📊 Key Support & Resistance Levels
🟢 $7.34 – Strong Support / Stop-Loss Level
🟡 $7.80 – Entry / Trendline Support
🔴 $8.51 – First Resistance / TP1
🟢 $9.23 – Final Target / TP2
🚀 Momentum Shift Expected
📌 If price stays above $7.80, we could see a rally toward $8.51 and $9.23.
📌 A high-volume push above $7.97 would confirm bullish sentiment.
🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume at $7.80+ before entering.
📈 Trailing Stop Strategy: Move SL to entry ($7.80) after TP1 ($8.51) is hit.
💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $8.51, let the rest run to $9.23.
✔ Adjust Stop-Loss to Break-even ($7.80) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price breaks below $7.34, it could indicate a bearish continuation—exit early.
❌ Wait for a strong candle close above $7.97 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $7.80 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #OPRT #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis 🚀📈
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.