### 🚀 **📈🔥**
🔍 **Stock:** SKYE (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Reversal
### 📍 **Trade Plan:**
✅ **Entry Zone:** **$3.15 - $3.22** (Falling Wedge Support + Breakout Potential)
🚀 **Take Profit 1 (TP1):** **$3.67** (Key Resistance)
🚀 **Take Profit 2 (TP2):** **$4.27+** (Extended Target if momentum continues)
🔻 **Stop-Loss (SL):** **$2.84** (Below strong support for risk control)
📊 **Risk-Reward Ratio:** Favorable for a bullish setup 📉📈
---
### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** **Falling Wedge (Bullish Reversal Pattern) 📉 → 📈**
✅ **Support Zone:** Strong buyer interest around **$3.15 - $3.22 (Yellow Zone)**
✅ **Breakout Confirmation Needed:** Price should break out of the wedge with strong volume
✅ **Momentum Shift Expected:** Bullish reversal likely as price approaches trendline support
---
### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for **increased buying volume** at breakout above $3.22 📈
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($3.67), adjust SL higher** to lock in profits
💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($4.27+)**
⚠️ **Watch for Fake Breakouts:** If price drops **below $3.15**, reconsider the setup
---
### 🚀 **Final Thoughts:**
✅ **Bullish Reversal Expected – High probability of breakout continuation** 📈
✅ **Strong Support at $3.15 - $3.22 – Ideal entry for risk-reward optimization** 💰
✅ **Momentum Shift Possible – A push above $3.67 could drive SKYE to $4.27+** 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional insights? 🚀📈
---
### 🔗 **Hashtags for Engagement:**
#LongTrade #StockTrading #SKYE #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess
🔍 **Stock:** SKYE (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Reversal
### 📍 **Trade Plan:**
✅ **Entry Zone:** **$3.15 - $3.22** (Falling Wedge Support + Breakout Potential)
🚀 **Take Profit 1 (TP1):** **$3.67** (Key Resistance)
🚀 **Take Profit 2 (TP2):** **$4.27+** (Extended Target if momentum continues)
🔻 **Stop-Loss (SL):** **$2.84** (Below strong support for risk control)
📊 **Risk-Reward Ratio:** Favorable for a bullish setup 📉📈
---
### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** **Falling Wedge (Bullish Reversal Pattern) 📉 → 📈**
✅ **Support Zone:** Strong buyer interest around **$3.15 - $3.22 (Yellow Zone)**
✅ **Breakout Confirmation Needed:** Price should break out of the wedge with strong volume
✅ **Momentum Shift Expected:** Bullish reversal likely as price approaches trendline support
---
### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for **increased buying volume** at breakout above $3.22 📈
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($3.67), adjust SL higher** to lock in profits
💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($4.27+)**
⚠️ **Watch for Fake Breakouts:** If price drops **below $3.15**, reconsider the setup
---
### 🚀 **Final Thoughts:**
✅ **Bullish Reversal Expected – High probability of breakout continuation** 📈
✅ **Strong Support at $3.15 - $3.22 – Ideal entry for risk-reward optimization** 💰
✅ **Momentum Shift Possible – A push above $3.67 could drive SKYE to $4.27+** 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional insights? 🚀📈
---
### 🔗 **Hashtags for Engagement:**
#LongTrade #StockTrading #SKYE #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess
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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.