VKTX – 15-Min Long Trade Setup!📈 🟢
🔹 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
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