PCRX – 15-Min Long Trade Setup!

📈 🟢
🔹 Asset: Pacira BioSciences, Inc. (PCRX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Triangle Breakout + Supply Zone Flip

📊 Trade Plan – Long Position
✅ Entry Zone: $24.56 (Breakout + confirmation above yellow zone)
✅ Stop-Loss (SL): $23.52 (Below ascending trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $25.90 – Local resistance
📌 TP2: $27.57 – Major upside level

📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.01/share
📊 R/R Ratio: ~1 : 2.9 – Excellent setup

🔍 Technical Highlights
📌 Coiled structure breakout on rising base ✔
📌 Clean retest of descending resistance now flipped ✔
📌 Volume increasing on breakout move ✔
📌 Higher lows + breakout wick = momentum play 🔥

📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Book partial profits at TP1
🚀 Hold remaining for swing to TP2

⚠️ Setup Invalidation If:
❌ Breakdown below $23.52
❌ Fails to hold above trendline post-breakout
❌ Sharp reversal with bearish volume spike

🚨 Final Thoughts
✔ Tight technical pattern with bullish bias
✔ Perfect blend of structure + risk control
✔ Great R/R ratio — swing trader’s sweet spot

🔗 #PCRX #NASDAQStocks #BreakoutSetup #ProfittoPath #SwingTrade #ChartAnalysis #TechnicalSetup #VolumeSpike #SmartMoney #RiskReward