OPRT – 30-Min Long Trade Setup!

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🔹 Asset: Oportun Financial Corporation (OPRT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline & Support Bounce Long Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $7.80 (Bounce Confirmation)
✅ Stop-Loss (SL): Below $7.34 (Break of Support & Trendline)

🎯 Take Profit Targets
📌 TP1: $8.51 (First Resistance Level)
📌 TP2: $9.23 (Extended Bullish Target)

📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $7.34 - $7.80 = $0.46 risk per share
📈 Reward to TP1: $8.51 - $7.80 = $0.71 (1.54 R/R)
📈 Reward to TP2: $9.23 - $7.80 = $1.43 (3.1 R/R)

🔍 Technical Analysis & Strategy
📌 Trendline Support: The price is testing a rising trendline (pink line), aligning with horizontal support (~$7.80).
📌 Breakout Confirmation: A strong bullish candle above $7.97 with volume would indicate momentum.
📌 Pattern Formation: A pullback retest setup following a recent downtrend, showing signs of reversal.

📊 Key Support & Resistance Levels
🟢 $7.34 – Strong Support / Stop-Loss Level
🟡 $7.80 – Entry / Trendline Support
🔴 $8.51 – First Resistance / TP1
🟢 $9.23 – Final Target / TP2

🚀 Momentum Shift Expected
📌 If price stays above $7.80, we could see a rally toward $8.51 and $9.23.
📌 A high-volume push above $7.97 would confirm bullish sentiment.

🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume at $7.80+ before entering.
📈 Trailing Stop Strategy: Move SL to entry ($7.80) after TP1 ($8.51) is hit.

💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $8.51, let the rest run to $9.23.
✔ Adjust Stop-Loss to Break-even ($7.80) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If price breaks below $7.34, it could indicate a bearish continuation—exit early.
❌ Wait for a strong candle close above $7.97 for confirmation before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Holding above $7.80 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.1 to TP2.

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

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