Long Trade Setup – ATRO!📈
🔹 Asset: Astronics Corporation (NASDAQ: ATRO)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Ascending Triangle Breakout (Bullish Continuation)
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $29.21 (Confirmed breakout above resistance)
✅ Stop-Loss (SL): Below $28.83 (Below structure and trendline)
🎯 Take Profit Targets
📌 TP1: $29.82 – Prior swing high / minor resistance
📌 TP2: $30.58 – Measured move and next resistance zone
📊 Risk-Reward Calculation
📉 Risk: $29.21 - $28.83 = $0.38
📈 Reward to TP1: $29.82 - $29.21 = $0.61 → R:R = 1:1.6
📈 Reward to TP2: $30.58 - $29.21 = $1.37 → R:R = 1:3.6 ✅
🔍 Technical Highlights
📌 Ascending triangle breakout with volume push
📌 Bullish close above yellow zone = breakout confirmed
📌 Higher lows + horizontal resistance breakout
📌 Momentum aligned with volume surge
📈 Execution Strategy
📊 Enter at or slightly above $29.21 on breakout confirmation
📉 SL just under $28.83 to avoid false breakdowns
💰 Take partial profit at TP1 and trail SL toward TP2
🚨 Invalidation Risk
❌ Drop below $28.83 suggests failed breakout
❌ Bearish engulfing reversal = re-evaluate entry
🚀 Final Take
✔ Bullish continuation setup with solid R:R
✔ Triangle breakout with volume = high conviction
✔ Let price prove — enter smart, exit smarter
