SLDB/USD – 30-Min Long Trade Setup!

📌 🚀
🔹 Asset: SLDB (Solid Biosciences Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $5.58 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $5.29 (Support Breakdown)

🎯 Take Profit Targets:
📌 TP1: $5.90 (First Resistance Level)
📌 TP2: $6.33 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $5.58 - $5.29 = $0.29 risk per share
📈 Reward to TP1: $5.90 - $5.58 = $0.32 (1:1.1 R/R)
📈 Reward to TP2: $6.33 - $5.58 = $0.75 (1:2.6 R/R)

🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakout: Price is breaking out of a descending trendline, signaling a bullish reversal.
📌 Bullish Momentum Building: A breakout above $5.58 with strong volume will confirm the move.
📌 Volume Confirmation Needed: Ensure high volume when price breaks resistance to confirm bullish momentum.
📌 Momentum Shift Expected: If the price stays above $5.58, a move toward $5.90 and then $6.33 is likely.

📊 Key Support & Resistance Levels
🟢 $5.29 – Strong Support / Stop-Loss Level
🟡 $5.58 – Entry / Breakout Level
🔴 $5.90 – First Resistance / TP1
🟢 $6.33 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $5.58 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($5.58) after TP1 ($5.90) is hit.

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $5.90, let the rest run toward $6.33.
✔ Adjust Stop-Loss to Break-even ($5.58) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If the price fails to hold above $5.58 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $5.58 before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Breaking above $5.58 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.6 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆

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