Trade Setup Breakdown for BKYS (30-Min Chart)!📊
🔹 Stock: BKYS (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🔹 Entry Price: $17.60 - $18.00 (Breakout Confirmation Zone)
🚀 Trade Plan:
✅ Entry Zone: $17.60 - $18.00 (Confirmed Breakout)
✅ Stop-Loss (SL): $16.53 (Below the ascending trendline)
✅ Take Profit Targets:
TP1: $19.21 (First Resistance)
TP2: $20.73 (Extended Target)
📊 Risk-Reward Ratio Calculation:
Risk (Stop-Loss Distance): $17.60 - $16.53 = $1.07
Reward to TP1: $19.21 - $17.60 = $1.61
Risk-Reward Ratio to TP1: 1:1.5
Reward to TP2: $20.73 - $17.60 = $3.13
Risk-Reward Ratio to TP2: 1:2.9
🔍 Technical Analysis & Strategy
📌 Breakout Confirmation: Price moving above $18.00 with increased volume.
📌 Pattern Formation: Ascending Triangle Breakout, signaling bullish momentum.
📌 Support & Resistance Levels:
$16.53 (Support/SL Level)
$17.60 (Breakout Level)
$19.21 (First Profit Target/Resistance)
$20.73 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected: If price sustains above $18.00, we could see an upside rally towards $19.21 and $20.73.
🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $18.00 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($19.21), move SL to $18.00 to protect profits.
💰 Partial Profit Booking:
Take 50% at $19.21, let the rest run to $20.73.
Adjust Stop-Loss to break-even ($18.00) after TP1 hit.
⚠️ Fake Breakout Risk: If the price fails to hold above $17.60, be cautious and avoid entering early.
🚀 Final Thoughts
✔ Bullish Breakout Setup – If price sustains above $18.00, strong move expected.
✔ Momentum Shift Possible – Volume increasing will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:2.9 to TP2.
💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆
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