TUYA (NYSE) - 30-Min Chart Trade Setup Breakdown!

📊 🚀

🔍 Stock: TUYA (NYSE)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $2.97 - $3.00 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $3.20 (First Resistance)
🚀 Take Profit 2 (TP2): $3.50 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $2.79 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈

🔹 Technical Analysis & Setup:

✅ Pattern: Rising Wedge Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $2.97 with volume support
✅ Resistance Zones:
$3.20: First Major Resistance
$3.50: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $2.97 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($3.20), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $3.20 and let the rest ride toward $3.50+ 💵
⚠️ Fake Breakout Risk: If price drops back below $2.97, reconsider entry ❌
🚀 Final Thoughts:

✅ Bullish Breakout Confirmed – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $3.20 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $2.79, TP at $3.20 - $3.50 for optimal gains

📊 Trade Smart & Stick to the Plan! 🏆🔥
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