Timeframe: 15-min Heikin Ashi
Bias: Bullish continuation off key trend support
Entry Zone: Around 134.38 (current price)
Stop Loss: 130.12
Take Profit: 157.62
RRR (Risk/Reward): ~7.22
Target Gain: +17.69%
Potential Drawdown: -2.45%
Technical Breakdown
Trend: Still bullish despite correction, holding within long-term rising channel.
Channel Support: Price bounced right off the lower boundary of the channel.
EMA Confluence: 55 EMA and 200 EMA providing dynamic support here.
Demand Zone: Prior breakout zone held well (~132–134), acting as demand now.
Momentum: Bullish candles emerging post-pullback; volume tapering during pullback = healthy.
💼 Trade Management
Max Risk: 1–3% capital only due to ETF leverage.
Trade Tactic: SL under 130.12, below structure and EMA support.
SL to BE: Move stop to breakeven around 142+.
Scaling: Add on breakout of recent consolidation highs.
YTD: Extremely strong rally, up multiple legs with corrections respected technically.
“In trading, the goal is to play great defense, not great offense.” – Paul Tudor Jones
⚠️ Disclaimer: Leveraged ETFs amplify moves. Always manage size and don’t overstay positions.
#APPX #LeveragedETF #TechETF #ChannelBounce #Wave5 #TrendTrading #RiskReward #SmartMoneyMove
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