TTI – 30-Min Long Trade Setup!📌
🔹 Asset: Tetra Technologies, Inc. (TTI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Descending Wedge Breakout Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $4.26 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $4.06 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $4.54 (First Resistance Level)
📌 TP2: $4.80 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $4.26 - $4.06 = $0.20 risk per share
📈 Reward to TP1: $4.54 - $4.26 = $0.28 (1.4 R/R)
📈 Reward to TP2: $4.80 - $4.26 = $0.54 (2.7 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Wedge Breakout Setup: TTI has been consolidating in a downward-sloping wedge, with a breakout expected at $4.26.
📌 Trendline & Support Bounce: The price is attempting to break out of the wedge, indicating buyer accumulation.
📌 Breakout Confirmation: A strong bullish candle above $4.26 with increasing volume would confirm momentum.
📌 Momentum Shift Expected: If price holds above $4.26, a rally toward $4.54 (TP1) and $4.80 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $4.06 – Strong Support / Stop-Loss Level
🟡 $4.26 – Entry / Breakout Level
🔴 $4.54 – First Resistance / TP1
🟢 $4.80 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $4.26 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($4.26) after TP1 ($4.54) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $4.54, let the rest run to $4.80.
✔ Adjust Stop-Loss to Break-even ($4.26) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $4.26 and breaks back down, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $4.26 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $4.26 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.4 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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