BKYS (NYSE) - 30-Min Chart Short Trade Setup !🚨
🔍 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! 🏆🔥
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