Long Trade Setup Breakdown for Serve Robotics Inc. (SERV) - 30-M

📊

🔹 Asset: Serve Robotics Inc. (SERV)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $22.92 (Breakout Confirmation)
✅ Stop-Loss (SL): $20.88 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $25.22 (First Resistance)
📌 TP2: $28.07 (Extended Bullish Target)

📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$22.92 - $20.88 = $2.04
📈 Reward to TP1:
$25.22 - $22.92 = $2.30
💰 Risk-Reward Ratio to TP1: 1:1.13

📈 Reward to TP2:
$28.07 - $22.92 = $5.15
💰 Risk-Reward Ratio to TP2: 1:2.52
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $22.92 signals continuation.
📌 Pattern Formation: Ascending Triangle Breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $20.88 (Strong Support / SL Level)
🟡 $22.92 (Breakout Zone / Entry)
🔴 $25.22 (First Profit Target / Resistance)
🟢 $28.07 (Final Target for Momentum Extension)

🚀 Momentum Shift Expected:

If price stays above $22.92, it could push towards $25.22 and $28.07.
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 ($25.22), move SL to entry ($22.92) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $25.22, let the rest run to $28.07.
✔ Adjust Stop-Loss to Break-even ($22.92) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $22.92, be cautious and watch for a retest before re-entering.

🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $22.92, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.13 to TP1, 1:2.52 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SERV #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath