SLS Long Trade Setup (30-Min Chart)!

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๐Ÿš€ ๐Ÿ“ˆ๐Ÿ”ฅ
๐Ÿ” Stock: SLS (NASDAQ)
โณ Timeframe: 30-Min Chart
๐Ÿ“ˆ Setup Type: Bullish Breakout

๐Ÿ“ Trade Plan:
โœ… Entry: $1.33 (Breakout Confirmation)
โŒ Stop-Loss (SL): $1.23 (Below key support for risk management)
๐ŸŽฏ Target 1: $1.45 (First Resistance Level)
๐Ÿš€ Target 2: $1.57 (Major Resistance Level โ€“ Moon Shot! ๐ŸŒ™)

๐Ÿ”น Risk-Reward Ratio: Favorable setup ๐Ÿ“Š
๐Ÿ”น Momentum: Strong breakout from consolidation ๐Ÿ“ˆ
๐Ÿ”น Pattern: Symmetrical Triangle Breakout

๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Ensure strong buying volume to validate breakout.
๐Ÿ“‰ Trailing Stop Strategy: If price reaches $1.45, consider moving SL to breakeven ($1.33) or higher.
๐Ÿ’ฐ Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
โš ๏ธ Watch for Retest: If price retests $1.33 and holds, it's a strong confirmation for continued upward movement.

๐Ÿš€ Final Thoughts:
โœ… Bullish Chart Setup โ€“ Strong breakout with potential continuation.
โœ… Volume & Confirmation Key โ€“ Keep an eye on momentum and support levels.
โœ… Smart Risk Management โ€“ Maintain SL discipline for downside protection.

Plan Your Trade & Trade Your Plan! ๐Ÿ†๐Ÿ’ฐ
Let me know if you need any adjustments! ๐Ÿš€๐Ÿ“ˆ

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