MSTX – Defiance Daily Target 2x Long MSTR ETF – 30-Min Long!

📈🚀
🔹 Asset: MSTX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout from Ascending Triangle / Wedge Pattern

📊 Trade Plan (Long Position)
✅ Entry Zone: Above $35.84 (Confirmed breakout level)
✅ Stop-Loss (SL): Below $32.18 (Wedge base & structure support)

🎯 Take Profit Targets:
📌 TP1: $39.58 (Major resistance zone)
📌 TP2: $44.77 (Extended target from pattern projection)

📊 Risk-Reward Ratio Calculation:

📉 Risk (SL Distance):
$35.84 - $32.18 = $3.66 risk per share

📈 Reward to TP1:
$39.58 - $35.84 = $3.74 (1.02:1 R/R)

📈 Reward to TP2:
$44.77 - $35.84 = $8.93 (2.44:1 R/R)

🔍 Technical Analysis & Strategy
📌 Ascending Wedge Breakout: Price broke resistance of tightening structure — bullish signal.
📌 Momentum Shift: Big green candles and volume spike indicate buyer strength.
📌 Retest Opportunity: Entry near $35.84 is ideal as price retests breakout zone.
📌 Clear Resistance Zones Above: Targets marked at key historical levels for precision.

⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Make sure bullish volume sustains above $35.84.
📉 Trailing Stop Strategy: Once TP1 ($39.58) is hit, move SL to entry ($35.84) to lock in gains.

💰 Partial Profit Booking Strategy
✔ Book 50% of profits at TP1 ($39.58)
✔ Let remaining ride to TP2 ($44.77)
✔ Adjust stop-loss to breakeven or higher after TP1

⚠️ Breakout Failure Risk
❌ Do not enter if price closes back below $35.84
❌ Close position if $32.18 is broken — setup is invalid

🚀 Final Thoughts
✔ Strong breakout setup with healthy volume confirmation
✔ Clear bullish structure with great follow-through potential
✔ High-probability trade offering 2.44:1 R/R to TP2 — manage smartly!

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