TGTX – 30-Min Long Trade Setup!

📌 🚀📈

🔹 Asset: TG Therapeutics, Inc. (NASDAQ: TGTX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above 38.45 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 37.43 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: 40.04 (First Resistance Level)
📌 TP2: 41.77 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 38.45 - 37.43 = 1.02 risk per unit
📈 Reward to TP1: 40.04 - 38.45 = 1.59 (1:1.56 R/R)
📈 Reward to TP2: 41.77 - 38.45 = 3.32 (1:3.25 R/R)

🔍 Technical Analysis & Strategy
📌 Bullish Trendline Breakout: Price is breaking key resistance, confirming bullish momentum.
📌 Support Confirmation: Strong demand at 37.43, acting as a buying zone.
📌 Volume Confirmation Needed: Increased buy volume above 38.45 confirms momentum.
📌 Momentum Shift Expected: If price sustains above 38.45, it could rally toward 40.04, then 41.77.

📊 Key Resistance & Support Levels
🟢 41.77 – Final Target / TP2
🔴 40.04 – First Resistance / TP1
🟡 38.45 – Breakout Level / Long Entry
⚪ 37.43 – Stop-Loss / Support Level

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure above 38.45 before entering.
📉 Trailing Stop Strategy: Move SL to entry (38.45) after TP1 (40.04) is hit.

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 40.04, let the rest run toward 41.77.
✔ Adjust Stop-Loss to Break-even (38.45) after TP1 is hit.

⚠️ Fake Breakout Risk
❌ If price drops below 38.45 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Trendline breakout signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:3.25 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥

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