RDW – 30-Min Long Trade Setup !

📈🟢
🔹 Asset: Redwire Corporation (RDW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout + Retest

📊 Trade Plan – Long Position
✅ Entry Zone: $10.16 (Breakout of wedge + key level reclaim)
✅ Stop-Loss (SL): $9.47 (Below structure & trendline support)

🎯 Take Profit Targets:
📌 TP1: $11.13 – Prior resistance area
📌 TP2: $12.19 – Strong supply zone

📐 Risk-Reward Calculation:
🟥 Risk: $0.69/share
🟩 Reward to TP2: $2.03/share
📊 R/R Ratio: ~1 : 2.9 – Attractive swing opportunity

🔍 Technical Highlights
📌 Breakout from rising wedge resistance ✔
📌 Tight consolidation just below yellow level before breakout ✔
📌 Multiple higher lows signaling bullish momentum ✔
📌 Volume pushing higher with breakout ✔

📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% profits at TP1
🚀 Let remaining ride toward TP2

🚨 Setup Invalidation If:
❌ Price closes below $9.47
❌ No continuation on volume breakout
❌ Rejection from $10.50–$11.00 range

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