📈 🟢
🔹 Asset: Viking Therapeutics, Inc. (VKTX – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $23.60 (Breakout confirmation above triangle resistance)
✅ Stop-Loss (SL): $22.50 (Below structure & trendline support)
🎯 Take Profit Targets:
📌 TP1: $24.89 – Key resistance zone
📌 TP2: $26.79 – Strong supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.10/share
🟩 Reward to TP2: $3.19/share
📊 R/R Ratio: ~1 : 2.9 – Strong technical setup
🔍 Technical Highlights
📌 Breakout from triangle resistance ✔
📌 Retest candle confirming support ✔
📌 Trendline support intact with higher lows ✔
📌 Momentum building with bullish candle follow-through ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% profits at TP1
🚀 Let remainder ride toward TP2
🚨 Setup Invalidation If:
❌ Price closes below $22.50
❌ Breakout fails with low volume
❌ Rejection near $24.00–$24.50 zone
🔗
#VKTX #BreakoutPlay #SwingTrade #NASDAQ #ProfittoPath #TrianglePattern #MomentumTrade #RiskReward #TradingView #SmartEntry
🔹 Asset: Viking Therapeutics, Inc. (VKTX – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $23.60 (Breakout confirmation above triangle resistance)
✅ Stop-Loss (SL): $22.50 (Below structure & trendline support)
🎯 Take Profit Targets:
📌 TP1: $24.89 – Key resistance zone
📌 TP2: $26.79 – Strong supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.10/share
🟩 Reward to TP2: $3.19/share
📊 R/R Ratio: ~1 : 2.9 – Strong technical setup
🔍 Technical Highlights
📌 Breakout from triangle resistance ✔
📌 Retest candle confirming support ✔
📌 Trendline support intact with higher lows ✔
📌 Momentum building with bullish candle follow-through ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% profits at TP1
🚀 Let remainder ride toward TP2
🚨 Setup Invalidation If:
❌ Price closes below $22.50
❌ Breakout fails with low volume
❌ Rejection near $24.00–$24.50 zone
🔗
#VKTX #BreakoutPlay #SwingTrade #NASDAQ #ProfittoPath #TrianglePattern #MomentumTrade #RiskReward #TradingView #SmartEntry
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.