📈 🟢
🔹 Asset: Byrna Technologies, Inc. (BYRN – NASDAQ)
🔹 Chart Pattern: Rising Wedge Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $21.78 (Break + Retest of wedge resistance + yellow level reclaim)
✅ Stop-Loss (SL): $20.79 (Below trendline & recent structure)
🎯 Take Profit Targets:
📌 TP1: $23.22 – Previous supply zone
📌 TP2: $24.64 – Major resistance above
📐 Risk-Reward Calculation
🟥 Risk per share: $0.99
🟩 Reward to TP2: $2.86
📊 R/R Ratio: ~1 : 2.9 – Excellent swing potential
🔍 Technical Highlights
✅ Rising wedge breakout with clean retest
✅ Volume confirmation around breakout zone
✅ Tight structure + higher lows indicate strong momentum
✅ Previous resistance flipped to support (yellow line)
📉 Risk Management Strategy
🔁 Move SL to breakeven after hitting TP1
💰 Book partial profits at TP1
🚀 Hold remainder toward TP2 with trailing stop
🚨 Setup Invalidation If:
❌ Price closes below $20.79
❌ False breakout with weak volume
❌ Bearish engulfing under $21.30 support
🔹 Asset: Byrna Technologies, Inc. (BYRN – NASDAQ)
🔹 Chart Pattern: Rising Wedge Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $21.78 (Break + Retest of wedge resistance + yellow level reclaim)
✅ Stop-Loss (SL): $20.79 (Below trendline & recent structure)
🎯 Take Profit Targets:
📌 TP1: $23.22 – Previous supply zone
📌 TP2: $24.64 – Major resistance above
📐 Risk-Reward Calculation
🟥 Risk per share: $0.99
🟩 Reward to TP2: $2.86
📊 R/R Ratio: ~1 : 2.9 – Excellent swing potential
🔍 Technical Highlights
✅ Rising wedge breakout with clean retest
✅ Volume confirmation around breakout zone
✅ Tight structure + higher lows indicate strong momentum
✅ Previous resistance flipped to support (yellow line)
📉 Risk Management Strategy
🔁 Move SL to breakeven after hitting TP1
💰 Book partial profits at TP1
🚀 Hold remainder toward TP2 with trailing stop
🚨 Setup Invalidation If:
❌ Price closes below $20.79
❌ False breakout with weak volume
❌ Bearish engulfing under $21.30 support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.