🚨
🔍 Stock: BKYS (NYSE)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown
📍 Trade Plan:
✅ Entry Zone: Below $16.50 - $16.40 (Breakdown Confirmation)
🔻 Take Profit 1 (TP1): $15.50 (First Support)
🔻 Take Profit 2 (TP2): $14.23 (Extended Bearish Target)
🚀 Stop-Loss (SL): Above $17.53 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $16.50 with volume support
✅ Support Zones:
$15.50: First Major Support
$14.23: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakdown below $16.50 could trigger a strong sell-off 🚨
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $16.50 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($15.50), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $15.50 and let the rest ride toward $14.23+ 💵
⚠️ Fake Breakdown Risk: If price moves back above $16.50, reconsider entry ❌
🚀 Final Thoughts:
✅ Bearish Breakdown Potential – High probability of continuation lower 📉
✅ Momentum Shift Possible – A move below $15.50 could accelerate the downside 🚨
✅ Strong Risk-Reward Setup – SL at $17.53, TP at $15.50 - $14.23 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #ShortTrade #StockTrading #BKYS #TechnicalAnalysis #DayTrading #MomentumTrading #BreakdownSetup #RiskReward #TradingPlan #ProfittoPath 🚨📉
🔍 Stock: BKYS (NYSE)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown
📍 Trade Plan:
✅ Entry Zone: Below $16.50 - $16.40 (Breakdown Confirmation)
🔻 Take Profit 1 (TP1): $15.50 (First Support)
🔻 Take Profit 2 (TP2): $14.23 (Extended Bearish Target)
🚀 Stop-Loss (SL): Above $17.53 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $16.50 with volume support
✅ Support Zones:
$15.50: First Major Support
$14.23: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakdown below $16.50 could trigger a strong sell-off 🚨
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $16.50 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($15.50), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $15.50 and let the rest ride toward $14.23+ 💵
⚠️ Fake Breakdown Risk: If price moves back above $16.50, reconsider entry ❌
🚀 Final Thoughts:
✅ Bearish Breakdown Potential – High probability of continuation lower 📉
✅ Momentum Shift Possible – A move below $15.50 could accelerate the downside 🚨
✅ Strong Risk-Reward Setup – SL at $17.53, TP at $15.50 - $14.23 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #ShortTrade #StockTrading #BKYS #TechnicalAnalysis #DayTrading #MomentumTrading #BreakdownSetup #RiskReward #TradingPlan #ProfittoPath 🚨📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.