Largo Inc.
Long

LGO (NASDAQ) - 30-Min Chart Trade Setup Breakdown !

πŸ“ŠπŸš€

πŸ” **Stock:** LGO (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
πŸ“ˆ **Setup Type:** Bullish Breakout


### **πŸ“ Trade Plan:**
βœ… **Entry Zone:** Above **$2.13 - $2.14** (Breakout Confirmation)
πŸš€ **Take Profit 1 (TP1):** **$2.26** (First Resistance)
πŸš€ **Take Profit 2 (TP2):** **$2.42** (Extended Bullish Target)
πŸ”» **Stop-Loss (SL):** **Below $2.00** (Key Support)
πŸ“Š **Risk-Reward Ratio:** Favorable for a bullish continuation πŸ“ˆ

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### **πŸ”Ή Technical Analysis & Setup:**
βœ… **Pattern:** Symmetrical Triangle Breakout πŸ“ˆ
βœ… **Breakout Confirmation Needed:** Price holding above **$2.13** with volume support
βœ… **Resistance Zones:**
- **$2.26:** First Major Resistance
- **$2.42:** Extended Target for strong momentum
βœ… **Momentum Shift Expected:** A breakout could trigger a strong uptrend πŸš€

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### **πŸ”₯ Trade Strategy & Refinements:**
πŸ“Š **Volume Confirmation:** Look for increasing **buying volume above $2.13** πŸ“‰
πŸ“‰ **Trailing Stop Strategy:** Once price reaches **TP1 ($2.26)**, adjust SL higher to secure profits πŸ›‘
πŸ’° **Partial Profit Booking:** Take partial profits at **$2.26** and let the rest ride toward **$2.42+** πŸ’΅
⚠️ **Fake Breakout Risk:** If price drops **back below $2.13**, reconsider entry ❌

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### **πŸš€ Final Thoughts:**
βœ… **Bullish Breakout Confirmed** – High probability of **continuation higher** πŸ“ˆ
βœ… **Momentum Shift Possible** – A **move above $2.26** could accelerate the upside πŸš€
βœ… **Strong Risk-Reward Setup** – SL at **$2.00**, TP at **$2.26 - $2.42** for optimal gains

πŸ“Š **Trade Smart & Stick to the Plan!** πŸ†πŸ”₯

πŸ”— **#LongTrade #StockTrading #LGO #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath** πŸš€πŸ“ˆ

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