BYON/USD – 30-Min Long Trade Setup!📉 🚀
🔹 Asset: BYON (Beyond, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Wedge Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $6.50 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $5.97 (Break of Support)
🎯 Take Profit Targets:
📌 TP1: $6.90 (First Resistance Level)
📌 TP2: $7.46 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $6.50 - $5.97 = $0.53 per share
📈 Reward to TP1: $6.90 - $6.50 = $0.40 (1:0.75 R/R)
📈 Reward to TP2: $7.46 - $6.50 = $0.96 (1:1.8 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: A breakout above $6.50 signals bullish reversal.
📌 Volume Confirmation Needed: Strong buying above $6.50 confirms trend shift.
📌 Momentum Shift Expected: Sustained move above $6.50 could push to $6.90 (TP1) and $7.46 (TP2).
📊 Key Support & Resistance Levels
🟢 $5.97 – Key Support / Stop-Loss Level
🟡 $6.50 – Entry / Breakout Level
🔴 $6.90 – First Target / TP1
🔴 $7.46 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying above $6.50 before entry.
📈 Trailing Stop Strategy: Move SL to entry ($6.50) after TP1 ($6.90) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($6.90), let the rest run to TP2 ($7.46).
✔ Adjust Stop-Loss to Break-even ($6.50) after TP1 is reached.
⚠️ Breakout Failure Risk
❌ If price rejects $6.50 and falls below $5.97, exit early to avoid fakeout.
❌ Wait for a strong bullish candle close above $6.50 before entering.
🚀 Final Thoughts
✔ Bullish Setup – Breakout above $6.50 confirms momentum.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.75 (TP1) & 1:1.8 (TP2).
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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