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Mineralys Therapeutics, Inc.Mineralys Therapeutics, Inc.Mineralys Therapeutics, Inc.

Mineralys Therapeutics, Inc.

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MLYS trade ideas

MINERALYS, IN WONDERLAND? A lot of positivity swirling around this Aldosterone and Hypertension focused biotech. 1. Multiple recent positive top line results 2. recent Influx of capital for development, manufacturing and pre-commercialization activities 3. recent insider buying 4. increasing price and volume I got lucky when buying in at $13, and was able to largely de-risk at 17. Currently a bit oversold, so on current trajectory watch and wait for a pullback to a better entry below $14. Please also note the current market conditions indicate cautious buying, and while this may end up being a great biotech, a much larger percentage of these types of stocks will fail. May the Fed be with you! Not financial advice.
NASDAQ:MLYS
by originalrick001
MLys (MLYS) 30-Min Chart Analysis!📊 ✅ Setup Type: Symmetrical Triangle Breakout ✅ Entry Zone: Above $14.24 (Breakout Confirmation) ✅ Stop-Loss: Below $13.65 (Key Support Level) 🎯 Take Profit Targets: 📌 TP1: $15.10 (First Resistance Level) 📌 TP2: $16.19 (Extended Bullish Move) 📊 Risk-Reward Calculation: 📉 Risk (SL Distance): $14.24 - $13.65 = $0.59 risk per share 📈 Reward to TP1: $15.10 - $14.24 = $0.86 (1:1.45 R/R) 📈 Reward to TP2: $16.19 - $14.24 = $1.95 (1:3.30 R/R) 📌 Favorable R/R Ratio – A solid trade setup! 📉 Key Technical Analysis Insights 1️⃣ Breakout Confirmation Needed: The price is breaking the triangle's upper resistance. A 30-min candle close above $14.24 confirms the breakout. 2️⃣ Volume Confirmation: Bullish volume should spike above $14.24 for a valid breakout. Weak volume could lead to a fake breakout. 3️⃣ Support & Resistance Levels: Support: $13.65 (Trendline & SL Level) Resistance: 🔴 $15.10: Key level; price must break for TP2. 🟢 $16.19: Major breakout zone. 🚀 Trade Execution Strategy 📌 Risk-Management: ✔ Wait for a 30-min candle close above $14.24 before entering. ✔ Volume Confirmation: If weak, avoid the trade. ✔ Move SL to Break-even ($14.24) after TP1 is hit. 📌 Partial Profit Booking: ✔ Sell 50% at TP1 ($15.10), let the rest run toward TP2 ($16.19). 📌 Fake Breakout Risk: ❌ If price rejects $14.24 and falls back inside the triangle, exit early. ❌ Watch for retest of $14.24 after breakout for a safer entry. 🛠️ Comparison: MLys (MLYS) vs ON Semiconductor (ON) Stock Entry SL TP1 TP2 Risk-Reward (TP2) MLYS $14.24 $13.65 $15.10 $16.19 1:3.30 ✅ ON $43.24 $42.11 $44.49 $46.07 1:2.50 ✅ 📌 MLYS has a better R/R ratio (1:3.30) than ON (1:2.50), making it a stronger trade IF volume confirms the breakout. 🔎 Final Thoughts ✔ MLYS is showing a strong breakout potential but needs confirmation. ✔ A higher R/R ratio makes it attractive – but only enter if volume supports. ✔ ON Semiconductor is also a good trade, but MLys offers a higher reward.
NASDAQ:MLYSLong
by ProfittoPath