BYRN – 30-Min Long Trade Setup!📈 🟢
🔹 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
