KYMR โ Long Trade Setup !๐ ๐ข
Ticker: Kymera Therapeutics, Inc. (NASDAQ: KYMR)
Chart: 30-Min Timeframe
Pattern: Ascending triangle breakout continuation
๐น Entry: $34.23 (breakout above consolidation zone)
๐น Stop-Loss: $32.80 (below ascending trendline and support zone)
๐น Take Profits:
โโTP1: $35.47 โ Previous resistance
โโTP2: $36.92 โ Measured breakout target
โ๏ธ Risk-Reward Calculation:
โ Risk/Share: $1.43
โ Reward to TP2: $2.69
โ R:R Ratio: ~1:1.88 โ
๐ง Technical Highlights:
โ Clean ascending triangle with tight consolidation
โ Strong breakout candle with follow-through
โ Volume support on breakout shows buyer interest
KYMR trade ideas
KYMR โ Long Trade Setup !๐ ๐ข
Ticker: Kymera Therapeutics, Inc. (KYMR โ NASDAQ)
Timeframe: 30-Min Chart
Pattern: Bullish flag breakout (strong continuation)
๐ผ Trade Plan โ Long Position
โ
Entry: $33.51 (confirmed breakout + wedge support hold)
๐ Stop-Loss: $32.60 (below wedge + yellow support zone)
๐ฏ Take Profit Targets:
TP1: $34.92 โ Recent supply zone
TP2: $36.68 โ Measured move/extension target
โ๏ธ Risk-Reward Calculation
Risk per Share: $0.91
Reward to TP2: $3.17
R:R Ratio: ~1 : 3.5 โ Excellent long setup
๐ Technical Highlights
Strong bullish momentum with consolidation breakout
Rising wedge breakout confirmation
Volume holding on breakout = strength in move
Clear structure to manage stop-loss and targets
KYMR Busts Through Resistance - Waiting for PullbackKYMR just busted through the $52.94 resistance. This triggered a rev strat reversal on the quarterly chart as well as a 2-2 continuation on the monthly. I'll be waiting for a light volume pullback for long entry. Keeping position size small in this choppy market. Also not incredibly impressed with the volume today considering an almost 10% jump. We'll see what happens.