OPRT (NASDAQ) - 30-Min Chart Trade Setup Breakdown!

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๐Ÿ” Stock: OPRT (NASDAQ)
โณ Timeframe: 30-Min Chart
๐Ÿ“ˆ Setup Type: Bullish Breakout
๐Ÿ“ Trade Plan:
โœ… Entry Zone: Above $5.36 - $5.40 (Breakout Confirmation)
๐Ÿš€ Take Profit 1 (TP1): $5.69 (First Resistance)
๐Ÿš€ Take Profit 2 (TP2): $6.08 (Extended Bullish Target)
๐Ÿ”ป Stop-Loss (SL): Below $5.03 (Key Support)
๐Ÿ“Š Risk-Reward Ratio: Favorable for a bullish continuation ๐Ÿ“ˆ

๐Ÿ”น Technical Analysis & Setup:

โœ… Pattern: Bullish Breakout ๐Ÿ“ˆ
โœ… Breakout Confirmation Needed: Price holding above $5.36 with volume support
โœ… Resistance Zones:
$5.69: First Major Resistance
$6.08: Extended Target for strong momentum
โœ… Momentum Shift Expected: A breakout could trigger a strong uptrend ๐Ÿš€
๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Look for increasing buying volume above $5.36 ๐Ÿ“‰
๐Ÿ“‰ Trailing Stop Strategy: Once price reaches TP1 ($5.69), adjust SL higher to secure profits ๐Ÿ›‘
๐Ÿ’ฐ Partial Profit Booking: Take partial profits at $5.69 and let the rest ride toward $6.08+ ๐Ÿ’ต
โš ๏ธ Fake Breakout Risk: If price drops back below $5.36, reconsider entry โŒ
๐Ÿš€ Final Thoughts:

โœ… Bullish Breakout Confirmed โ€“ High probability of continuation higher ๐Ÿ“ˆ
โœ… Momentum Shift Possible โ€“ A move above $5.69 could accelerate the upside ๐Ÿš€
โœ… Strong Risk-Reward Setup โ€“ SL at $5.03, TP at $5.69 - $6.08 for optimal gains

๐Ÿ“Š Trade Smart & Stick to the Plan! ๐Ÿ†๐Ÿ”ฅ
๐Ÿ”— #LongTrade #StockTrading #OPRT #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ๐Ÿš€๐Ÿ“ˆ

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