Skye Bioscience, Inc. Trade Ideas — NASDAQ:SKYE

Skye Bioscience ($SKYE) - A Strong Buy Skye Bioscience (NASDAQ: SKYE) is gaining attention due to its lead obesity candidate, nimacimab, currently in Phase 2 trials with results expected in Q3/Q4 2025. Improved earnings and potential short-squeeze setup make this a high-reward opportunity. Why NASDAQ:SKYE is a Buy: Bullish Divergence: RSI shows higher lows while price makes lower lows. Stochastic RSI is oversold, indicating potential reversal. Improved Earnings: Loss per share improved from -$0.28 to -$0.24. Cash position of $68.4 million to fund operations through Q1 2027. Promising Clinical Trials: Nimacimab targets obesity with up to 16% weight loss in preclinical studies. Positive results expected in late 2025. Short Squeeze Potential: 12.33% short interest could trigger rapid upward movement. Analyst Targets: Median price target of $18.00 suggests strong upside potential. Probability of Success: $10 Target: 60% - Supported by bullish divergence, earnings, and short interest. $15 Target: 40% - Achievable with strong momentum and trial results. Conclusion: NASDAQ:SKYE offers a high-risk, high-reward trade opportunity with strong technical signals and promising fundamentals. Watch for volume spikes and further updates on trials.

SKYE Long Trade Setup (30-Min Chart) !### 🚀 **📈🔥** 🔍 **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

SKYE Long Trade Setup (30-Min Chart)!🚀 📈🔥 🔍 Stock: SKYE (NASDAQ) ⏳ Timeframe: 30-Min Chart 📈 Setup Type: Bullish Breakout 📍 Trade Plan: ✅ Entry: $3.75 (Breakout Confirmation) ❌ Stop-Loss (SL): $3.54 (Below key support for risk management) 🎯 Target 1: $3.98 (First Resistance Level) 🚀 Target 2: $4.25 (Major Resistance Level – Moon Shot! 🌙) 🔹 Risk-Reward Ratio: Strongly favorable 📊 🔹 Momentum: Uptrend continuation with breakout confirmation 📈 🔹 Pattern: Rising wedge breakout 🔥 Trade Strategy & Refinements: 📊 Volume Confirmation: Ensure strong buying volume supports the breakout. 📉 Trailing Stop Strategy: If price reaches $3.98, consider moving SL to breakeven ($3.75) 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 $3.75 and holds, it confirms continued momentum. 🚀 Final Thoughts: ✅ Bullish Chart Setup – Ideal breakout conditions. ✅ Strong Volume & Trend – Key factors for continuation. ✅ Disciplined Risk Management – Maintain SL for protection. Plan Your Trade & Trade Your Plan! 🏆💰 Let me know if you need any modifications! 🚀📈 #BreakoutTrading #StockMarket #TradingStrategy #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StocksToWatch #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess #MoneyMoves

Shares of SKYE About to load in some shares of SKYE. $0.12 right now, a CBD company helping find a cure for glaucoma.

Skye Bioscience, Inc.

SKYE trade ideas