ANNX/USD – 30-Min Long Trade Setup!

📌 📈
🔹 Asset: ANNX (Annexon, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $2.59 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.42 (Break of Support & Trendline)

🎯 Take Profit Targets
📌 TP1: $2.79 (First Resistance Level)
📌 TP2: $3.00 (Final Target – Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $2.59 - $2.42 = $0.17 risk per share
📈 Reward to TP1: $2.79 - $2.59 = $0.20 (1:1.18 R/R)
📈 Reward to TP2: $3.00 - $2.59 = $0.41 (1:2.41 R/R)

🔍 Technical Analysis & Strategy
📌 Descending Trendline Breakout: Price has been in a downtrend but is testing a breakout above $2.59, signaling potential bullish momentum.
📌 Support Zone Held: The stock bounced from $2.42, indicating buyer interest at that level.
📌 Breakout Confirmation: A strong bullish candle closing above $2.59 with increased volume will confirm the move.
📌 Momentum Shift Expected: If the price stays above $2.59, a move toward $2.79 (TP1) and $3.00 (TP2) is likely.

📊 Key Support & Resistance Levels
🟢 $2.42 – Strong Support / Stop-Loss Level
🟡 $2.59 – Entry / Breakout Level
🔴 $2.79 – First Resistance / TP1
🔴 $3.00 – Final Target / TP2

📈 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $2.59 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($2.59) after TP1 ($2.79) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $2.79, let the rest run to $3.00.
✔ Adjust Stop-Loss to Break-even ($2.59) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If the price fails to hold above $2.59, it could indicate a false breakout—exit early.
❌ Wait for a strong bullish candle close above $2.59 for confirmation before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Breaking above $2.59 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.18 to TP1, 1:2.41 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆

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