📈 🟢
🔹 Asset: Pacira BioSciences, Inc. (PCRX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Triangle Breakout + Supply Zone Flip
📊 Trade Plan – Long Position
✅ Entry Zone: $24.56 (Breakout + confirmation above yellow zone)
✅ Stop-Loss (SL): $23.52 (Below ascending trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $25.90 – Local resistance
📌 TP2: $27.57 – Major upside level
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.01/share
📊 R/R Ratio: ~1 : 2.9 – Excellent setup
🔍 Technical Highlights
📌 Coiled structure breakout on rising base ✔
📌 Clean retest of descending resistance now flipped ✔
📌 Volume increasing on breakout move ✔
📌 Higher lows + breakout wick = momentum play 🔥
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Book partial profits at TP1
🚀 Hold remaining for swing to TP2
⚠️ Setup Invalidation If:
❌ Breakdown below $23.52
❌ Fails to hold above trendline post-breakout
❌ Sharp reversal with bearish volume spike
🚨 Final Thoughts
✔ Tight technical pattern with bullish bias
✔ Perfect blend of structure + risk control
✔ Great R/R ratio — swing trader’s sweet spot
🔗 #PCRX #NASDAQStocks #BreakoutSetup #ProfittoPath #SwingTrade #ChartAnalysis #TechnicalSetup #VolumeSpike #SmartMoney #RiskReward
🔹 Asset: Pacira BioSciences, Inc. (PCRX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Triangle Breakout + Supply Zone Flip
📊 Trade Plan – Long Position
✅ Entry Zone: $24.56 (Breakout + confirmation above yellow zone)
✅ Stop-Loss (SL): $23.52 (Below ascending trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $25.90 – Local resistance
📌 TP2: $27.57 – Major upside level
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.01/share
📊 R/R Ratio: ~1 : 2.9 – Excellent setup
🔍 Technical Highlights
📌 Coiled structure breakout on rising base ✔
📌 Clean retest of descending resistance now flipped ✔
📌 Volume increasing on breakout move ✔
📌 Higher lows + breakout wick = momentum play 🔥
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Book partial profits at TP1
🚀 Hold remaining for swing to TP2
⚠️ Setup Invalidation If:
❌ Breakdown below $23.52
❌ Fails to hold above trendline post-breakout
❌ Sharp reversal with bearish volume spike
🚨 Final Thoughts
✔ Tight technical pattern with bullish bias
✔ Perfect blend of structure + risk control
✔ Great R/R ratio — swing trader’s sweet spot
🔗 #PCRX #NASDAQStocks #BreakoutSetup #ProfittoPath #SwingTrade #ChartAnalysis #TechnicalSetup #VolumeSpike #SmartMoney #RiskReward
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.