BCRX Trade Thesis & SetupBioCryst Pharmaceuticals, Inc.BATS:BCRXErictaylorThis is a setup I’ve been watching closely and recently entered around $9.30. Price has been forming a very clean stair-stepping uptrend, which is typically a strong sign of controlled accumulation and sustained buying. Recently, BCRX began pushing out of a key level around $9.46, which I view as the initial breakout area. We are now approaching $9.60, which has acted as a minor resistance zone. For full confirmation, I want to see price break above $9.60 and hold it as support. ⸻ Current Structure •Entry Area: ~$9.30 •Breakout Level: $9.46 •Key Resistance: $9.60 •Invalidation: $9.00 ⸻ Setup Outlook The current pattern resembles a bull flag / falling wedge, both of which are typically bullish continuation patterns. If price confirms above $9.60, this could open the door for a move toward the next major resistance area around $11+. As long as we continue to maintain higher lows and hold key support levels, the trend remains constructive. ⸻ Plan •Look for confirmation above $9.60 •Ideally, a breakout followed by a hold or higher low •Avoid chasing extended moves—wait for structure to confirm If price loses $9.00, that would invalidate the current setup and suggest a breakdown in structure.