📈 $FUTU Trade Setup (Futu Holdings)
Market Structure:
Price is retracing toward a descending trendline, acting as dynamic resistance turned support. A reaction here suggests a potential trend continuation after the pullback.
Entry: $129.82
Entry is slightly above the trendline touch (~$124.73), which is reasonable if you’re confirming strength (bounce or bullish close).
Stop Loss (SL): $114.00
Placed below the recent swing low / structure support — this invalidates the setup if price breaks down.
Take Profit (TP): $197.53
Target aligns with a major resistance / prior high extension, suitable for a swing trade.
📊Risk–Reward Analysis
Risk: $129.82 − $114.00 = $15.82
Reward: $197.53 − $129.82 = $67.71
R:R Ratio: ~1 : 4.3 ✅ (very solid)
You can pick this signal and trade where this asset is trading
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