CIVI – Civitas Resources, Inc. – 30-Min Long Trade Setup !

📈🚀
🔹 Asset: CIVI (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Trendline Break + Support Bounce

📊 Trade Plan (Long Position)
✅ Entry Zone: Around $35.00 (trendline break + demand zone confirmation)
✅ Stop-Loss (SL): Below $34.36 (clear structure support zone)

🎯 Take Profit Targets
📌 TP1: $35.85 (immediate resistance / supply zone)
📌 TP2: $36.94 (previous high / major resistance area)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$35.00 - $34.36 = $0.64 risk per share

📈 Reward to TP1:
$35.85 - $35.00 = $0.85 → (1.33:1 R/R)

📈 Reward to TP2:
$36.94 - $35.00 = $1.94 → (3.03:1 R/R)

🔍 Technical Analysis & Strategy
📌 Falling Trendline Breakout: Clean break from descending resistance (highlighted by pink line)
📌 Support Bounce: Price held structure support at $34.36 (white line)
📌 Retest & Reaction: Yellow zone indicates confluence — breakout retest + support hold
📌 Potential Reversal Zone: Bottoming structure visible near key support

⚙️ Trade Execution & Risk Management
📊 Wait for Bullish Confirmation: Entry only valid if price closes above yellow breakout zone
📉 Trailing Stop Strategy:

Move SL to breakeven after TP1
💰 Partial Profit Booking Strategy:

Book 50% at TP1 = $35.85

Let remaining ride to TP2 = $36.94

Trail SL to lock in profits

⚠️ Breakout Failure Risk
❌ Setup invalid if price closes below $34.36
❌ Avoid entry if breakout lacks volume or fails on retest

🚀 Final Thoughts
✔ Beautiful confluence: Trendline break + horizontal support + reaction zone
✔ Clear risk with strong upside potential
✔ Excellent R/R ratio with breakout confirmation

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