📈 🚀
🔹 Asset: SKYH (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Flag Breakout + Volume Surge
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $13.70 (breakout candle + volume confirmation)
✅ Stop-Loss (SL): Below $12.94 (support zone + previous structure low)
🎯 Take Profit Targets
📌 TP1: $14.75 (previous supply/resistance level)
📌 TP2: $16.02 (measured move + psychological resistance)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$13.70 - $12.94 = $0.76 risk per share
📈 Reward to TP1:
$14.75 - $13.70 = $1.05 → (1.38:1 R/R)
📈 Reward to TP2:
$16.02 - $13.70 = $2.32 → (3.05:1 R/R)
🔍 Technical Analysis & Strategy
📌 Bull Flag Breakout: Price broke out of a descending consolidation after a strong uptrend
📌 Volume Confirmation: Breakout supported by rising volume
📌 Retest of Breakout: Price retested breakout zone (yellow circle) and bounced
📌 Trend Continuation Expected: Clean breakout structure with strong upside potential
⚙️ Trade Execution & Risk Management
📊 Confirm entry after 30-min candle close above breakout zone
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $14.75
✔ Let the rest ride to TP2 = $16.02
✔ Adjust SL to lock in profit once TP1 is achieved
⚠️ Breakout Failure Risk
❌ Trade setup invalid if price breaks below $12.94
❌ Avoid entry without confirmation candle above breakout
🚀 Final Thoughts
✔ Classic bull flag breakout setup with healthy volume
✔ Clear risk levels and attractive 3:1 potential R/R
✔ Strong trend continuation setup backed by technicals
🔗 #SKYH #NYSE #BreakoutTrade #ProfittoPath #SwingTrading #StockSetup #TechnicalAnalysis #BullFlag #MomentumStocks #SmartTrading
🔹 Asset: SKYH (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Flag Breakout + Volume Surge
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $13.70 (breakout candle + volume confirmation)
✅ Stop-Loss (SL): Below $12.94 (support zone + previous structure low)
🎯 Take Profit Targets
📌 TP1: $14.75 (previous supply/resistance level)
📌 TP2: $16.02 (measured move + psychological resistance)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$13.70 - $12.94 = $0.76 risk per share
📈 Reward to TP1:
$14.75 - $13.70 = $1.05 → (1.38:1 R/R)
📈 Reward to TP2:
$16.02 - $13.70 = $2.32 → (3.05:1 R/R)
🔍 Technical Analysis & Strategy
📌 Bull Flag Breakout: Price broke out of a descending consolidation after a strong uptrend
📌 Volume Confirmation: Breakout supported by rising volume
📌 Retest of Breakout: Price retested breakout zone (yellow circle) and bounced
📌 Trend Continuation Expected: Clean breakout structure with strong upside potential
⚙️ Trade Execution & Risk Management
📊 Confirm entry after 30-min candle close above breakout zone
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $14.75
✔ Let the rest ride to TP2 = $16.02
✔ Adjust SL to lock in profit once TP1 is achieved
⚠️ Breakout Failure Risk
❌ Trade setup invalid if price breaks below $12.94
❌ Avoid entry without confirmation candle above breakout
🚀 Final Thoughts
✔ Classic bull flag breakout setup with healthy volume
✔ Clear risk levels and attractive 3:1 potential R/R
✔ Strong trend continuation setup backed by technicals
🔗 #SKYH #NYSE #BreakoutTrade #ProfittoPath #SwingTrading #StockSetup #TechnicalAnalysis #BullFlag #MomentumStocks #SmartTrading
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.