PBYI/USD – 30-Min Long Trade Setup !📌🚀
🔹 Asset: PBYI (Puma Biotechnology, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $3.58 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $3.37 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $3.86 (First Resistance Level)
📌 TP2: $4.16 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $3.58 - $3.37 = $0.21 risk per share
📈 Reward to TP1: $3.86 - $3.58 = $0.28 (1:1.3 R/R)
📈 Reward to TP2: $4.16 - $3.58 = $0.58 (1:2.7 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Price has formed an ascending triangle, a bullish continuation pattern.
📌 Bullish Momentum Building: A breakout above $3.58 with strong volume confirms the move.
📌 Volume Confirmation Needed: Ensure high buying volume when price breaks $3.58 to confirm upward momentum.
📌 Momentum Shift Expected: If the price holds above $3.58, a move toward $3.86 and then $4.16 is likely.
📊 Key Support & Resistance Levels
🟢 $3.37 – Stop-Loss / Support Level
🟡 $3.58 – Breakout Level / Long Entry
🔴 $3.86 – First Resistance / TP1
🔴 $4.16 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $3.58 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($3.58) after TP1 ($3.86) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.86, let the rest run toward $4.16.
✔ Adjust Stop-Loss to Break-even ($3.58) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $3.58 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $3.58 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $3.58 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.3 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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