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 📉📈
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### 🔹 **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
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### 🔥 **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
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### 🚀 **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? 🚀📈
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