APLD/USD – 30-Min Long Trade Setup!

📌 🚀
🔹 Asset: APLD (Applied Digital Corporation)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $8.35 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $7.19 (Strong Support Level)

🎯 Take Profit Targets
📌 TP1: $10.18 (First Resistance Level)
📌 TP2: $11.91 (Final Target – Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $8.35 - $7.19 = $1.16 risk per share
📈 Reward to TP1: $10.18 - $8.35 = $1.83 (1:1.57 R/R)
📈 Reward to TP2: $11.91 - $8.35 = $3.56 (1:3.07 R/R)

🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakout: The price is breaking out of a descending trendline, signaling potential bullish momentum.
📌 Breakout Confirmation: A strong bullish candle closing above $8.35 with increased volume confirms the move.
📌 Momentum Shift Expected: If the price holds above $8.35, we expect a move toward $10.18 (TP1) and $11.91 (TP2).

📊 Key Support & Resistance Levels
🔴 $7.19 – Strong Support / Stop-Loss Level
🟡 $8.35 – Entry / Breakout Level
🟢 $10.18 – First Resistance / TP1
🟢 $11.91 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $8.35 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.35) after TP1 ($10.18) is hit.

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $10.18, let the rest run to $11.91.
✔ Adjust Stop-Loss to Break-even ($8.35) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If price fails to hold above $8.35 and falls back below $8.00, exit early.
❌ Wait for a strong bullish candle close above $8.35 for confirmation before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Breaking above $8.35 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.57 to TP1, 1:3.07 to TP2.

💡 Stick to the plan, manage risk, and trade smart! 🚀🏆

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