Planet Labs PBC
Panjang

PL Long Trade Setup (30-Min Chart) !



### πŸš€ **πŸ“ˆπŸ”₯**
πŸ” **Stock:** PL (Planet Labs - NYSE)
⏳ **Timeframe:** 30-Min Chart
πŸ“ˆ **Setup Type:** Bullish Continuation

### πŸ“ **Trade Plan:**
βœ… **Entry Zone:** **$6.00 - $6.10** (Breakout from descending trendline)
πŸš€ **Take Profit 1 (TP1):** **$6.39** (Key Resistance)
πŸš€ **Take Profit 2 (TP2):** **$6.79+** (Extended Target if momentum continues)
πŸ”» **Stop-Loss (SL):** **$5.77** (Below previous support to manage risk)
πŸ“Š **Risk-Reward Ratio:** Favorable for a bullish setup πŸ“‰πŸ“ˆ

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### πŸ”Ή **Technical Analysis & Setup:**
βœ… **Pattern:** **Ascending Trendline + Falling Wedge Breakout β†’ Bullish Continuation** πŸ“‰ β†’ πŸ“ˆ
βœ… **Support Zone:** Strong buyer interest around **$6.00 - $6.10 (Yellow Zone)**
βœ… **Breakout Confirmation:** Price has broken out of a small descending trendline (white)
βœ… **Momentum Shift Expected:** Higher lows forming, indicating bullish pressure

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### πŸ”₯ **Trade Strategy & Refinements:**
πŸ“Š **Volume Confirmation:** Look for **increased buying volume** at breakout above $6.10 πŸ“ˆ
πŸ“‰ **Trailing Stop Strategy:** Once price reaches **TP1 ($6.39), adjust SL higher** to lock in profits
πŸ’° **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($6.79+)**
⚠️ **Watch for Fake Breakouts:** If price drops **below $6.00**, reconsider the setup

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### πŸš€ **Final Thoughts:**
βœ… **Bullish Momentum – High probability of breakout continuation** πŸ“ˆ
βœ… **Strong Support at $6.00 - $6.10 – Ideal entry zone for risk-reward optimization** πŸ’°
βœ… **Momentum Shift Possible – A push above $6.39 could drive PL to $6.79+** πŸš€
πŸ“Š **Trade Smart & Stick to Your Plan!** πŸ†πŸ”₯

Would you like any refinements or additional details? πŸš€πŸ“ˆ

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