Exagen Inc.
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XGN (NASDAQ) - 30-Min Chart Long Trade Setup !

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🔍 Stock: XGN (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $5.45 - $5.50 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $6.00 (First Resistance)
🚀 Take Profit 2 (TP2): $6.54 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $4.98 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈

🔹 Technical Analysis & Setup:
✅ Pattern: Bullish Pennant Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $5.45 with volume support
✅ Resistance Zones:
$6.00: First Major Resistance
$6.54: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $5.45 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($6.00), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $6.00 and let the rest ride toward $6.54+ 💵
⚠️ Fake Breakout Risk: If price drops back below $5.45, reconsider entry ❌

🚀 Final Thoughts:
✅ Bullish Breakout Potential – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $6.00 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $4.98, TP at $6.00 - $6.54 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #LongTrade #StockTrading #XGN #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath 🚀📈

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