BYON Long Trade Setup (30-Min Chart)!### **🚀) 📈🔥**
🔍 **Stock:** BYON (NYSE)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Continuation
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### **📍 Trade Plan:**
✅ **Entry:** **$8.12** (Breakout Retest Confirmation)
❌ **Stop-Loss (SL):** **$7.54** (Below key support for risk management)
🎯 **Target 1:** **$8.55** (First Resistance Level)
🚀 **Target 2:** **$9.30** (Major Resistance Level – Moon Shot! 🌙)
🔹 **Risk-Reward Ratio:** Favorable setup 📊
🔹 **Momentum:** Strong **trend continuation with breakout pullback** 📈
🔹 **Pattern:** **Ascending triangle breakout retest**
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### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Ensure strong buying volume supports the breakout.
📉 **Trailing Stop Strategy:** If price reaches **$8.55**, consider moving SL to breakeven ($8.12) or higher.
💰 **Partial Profit Booking:** Take some profits at **Target 1** and let the rest ride towards **Target 2**.
⚠️ **Watch for Retest:** If price retests **$8.12** and holds, it confirms continued momentum.
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### **🚀 Final Thoughts:**
✅ **Bullish Chart Setup** – Retest of breakout confirms potential upside.
✅ **Support Holding Well** – Key level at **$8.12** acting as a base.
✅ **Risk Management in Place** – SL ensures controlled downside.
**Plan Your Trade & Trade Your Plan!** 🏆💰
Let me know if you need any modifications! 🚀📈
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