TNXP – Tonix Pharmaceuticals – 30-Min Long Trade Setup !

📈 🚀
🔹 Asset: TNXP (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Trendline Support

📊 Trade Plan (Long Position)
✅ Entry Zone: Above $26.53 (Breakout zone + trendline support)
✅ Stop-Loss (SL): Below $23.81 (Previous support & trendline base)

🎯 Take Profit Targets
📌 TP1: $31.64 (Previous resistance zone)
📌 TP2: $37.76 (Major resistance / measured move target)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$26.53 - $23.81 = $2.72 risk per share

📈 Reward to TP1:
$31.64 - $26.53 = $5.11 → (1.88:1 R/R)
📈 Reward to TP2:
$37.76 - $26.53 = $11.23 → (4.13:1 R/R)

🔍 Technical Analysis & Strategy
📌 Triangle Breakout: Price consolidating and now testing triangle resistance
📌 Volume Pick-up Expected: Ideal breakout candidate if volume expands above $26.53
📌 Trendline Support Holding: Consistent higher lows with bullish structure
📌 Break + Retest Zone: Yellow zone acting as breakout confirmation

⚙️ Trade Execution & Risk Management
📊 Wait for a 30-min bullish close above $26.53
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1

💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $31.64
✔ Let the rest ride toward TP2 = $37.76
✔ Trail SL above entry to secure gains

⚠️ Breakout Failure Risk
❌ Setup invalid if price breaks below $23.81
❌ Avoid entry without clear breakout close above $26.53

🚀 Final Thoughts
✔ Triangle breakout + trendline support = solid bullish setup
✔ Reward potential up to 4.13:1 R/R
✔ Clean structure, strong confluence, manageable risk

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