Long Trade Setup Breakdown for (PTON) 30 Mins

📊

🔹 Asset: Peloton Interactive, Inc. (PTON)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $10.14 (Breakout Confirmation)
✅ Stop-Loss (SL): $9.74 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $10.64 (First Resistance)
📌 TP2: $11.11 (Extended Bullish Target)

📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$10.14 - $9.74 = $0.40
📈 Reward to TP1:
$10.64 - $10.14 = $0.50
💰 Risk-Reward Ratio to TP1: 1:1.25

📈 Reward to TP2:
$11.11 - $10.14 = $0.97
💰 Risk-Reward Ratio to TP2: 1:2.4
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $10.14 signals continuation.
📌 Pattern Formation: Rising wedge breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $9.74 (Strong Support / SL Level)
🟡 $10.14 (Breakout Zone / Entry)
🔴 $10.64 (First Profit Target / Resistance)
🟢 $11.11 (Final Target for Momentum Extension)

🚀 Momentum Shift Expected:

If price stays above $10.14, it could push towards $10.64 and $11.11.
A higher volume breakout would confirm strength in the trend.

🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($10.64), move SL to entry ($10.14) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $10.64, let the rest run to $11.11.
✔ Adjust Stop-Loss to Break-even ($10.14) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $10.14, be cautious and watch for a retest before re-entering.

🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $10.14, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.25 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #PTON #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath