📈 🟢
🔹 Asset: Viking Therapeutics, Inc. (VKTX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $22.21 (Breakout confirmation above yellow zone)
✅ Stop-Loss (SL): $21.38 (Below rising trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $23.63 – Resistance zone
📌 TP2: $25.42 – Swing high level
📐 Risk-Reward Calculation
🟥 Risk: $0.83/share
🟩 Reward to TP2: $3.21/share
📊 R/R Ratio: ~1 : 3.8 – Excellent swing play
🔍 Technical Highlights
📌 Triangle squeeze breakout on volume ✔
📌 Structure forming higher lows + pressure build-up ✔
📌 Clean breakout above confluence zone ✔
📌 Breakout candle forming right at apex = strong momentum
📉 Risk Management Strategy
🔁 SL to breakeven at TP1
💰 Take partial profits at TP1
🚀 Hold remainder for full TP2 extension
⚠️ Setup Invalidation If:
❌ Price closes below $21.38
❌ No follow-through above yellow resistance
❌ Breakdown with increasing volume
🚨 Final Thoughts
✔ Classic triangle breakout with perfect R/R
✔ Tight SL, wide reward = trader’s dream
✔ Keep watch on volume — it’s the fuel
🔗 #VKTX #BreakoutSetup #SwingTrade #ProfittoPath #ChartAnalysis #NASDAQStocks #TechnicalSetup #SmartMoney #VolumeSpike #RiskReward
🔹 Asset: Viking Therapeutics, Inc. (VKTX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $22.21 (Breakout confirmation above yellow zone)
✅ Stop-Loss (SL): $21.38 (Below rising trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $23.63 – Resistance zone
📌 TP2: $25.42 – Swing high level
📐 Risk-Reward Calculation
🟥 Risk: $0.83/share
🟩 Reward to TP2: $3.21/share
📊 R/R Ratio: ~1 : 3.8 – Excellent swing play
🔍 Technical Highlights
📌 Triangle squeeze breakout on volume ✔
📌 Structure forming higher lows + pressure build-up ✔
📌 Clean breakout above confluence zone ✔
📌 Breakout candle forming right at apex = strong momentum
📉 Risk Management Strategy
🔁 SL to breakeven at TP1
💰 Take partial profits at TP1
🚀 Hold remainder for full TP2 extension
⚠️ Setup Invalidation If:
❌ Price closes below $21.38
❌ No follow-through above yellow resistance
❌ Breakdown with increasing volume
🚨 Final Thoughts
✔ Classic triangle breakout with perfect R/R
✔ Tight SL, wide reward = trader’s dream
✔ Keep watch on volume — it’s the fuel
🔗 #VKTX #BreakoutSetup #SwingTrade #ProfittoPath #ChartAnalysis #NASDAQStocks #TechnicalSetup #SmartMoney #VolumeSpike #RiskReward
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.