EchoStar (SATS): Breakout Setup Above $97EchoStar Corporation Class ABATS:ECHOfinalmentericoEchoStar (SATS) is approaching an interesting decision point on the daily chart. After the strong decline from the $125–130 area, price appears to be building a base. Since the August low, the market has started forming higher lows, creating a short-term ascending structure. More importantly, price has recovered the **50-day moving average**, currently around $89.50, and is now testing the main resistance area around **$96–97**. This is the level that matters to me. The Stochastic (50,3,3) also adds an interesting confirmation. After recovering from deeply oversold conditions, momentum moved above 50, pulled back toward the mid-range and is now attempting to turn higher again. That creates a potential continuation setup. I am not interested in anticipating the breakout. I want price confirmation. **A sustained break above $97 would trigger my long setup.** If buyers can take control above this level, the next major price magnet is the previous high-volume trading area around $110–125. My main target is approximately **$124**, which represents potential upside of roughly **28%** from the breakout area. The structure gives us: **Entry:** above $96–97 with confirmation **Target:** $123–124 **Invalidation:** below approximately $87 **Potential upside:** ~28% **Risk:** ~10% The risk/reward is not extraordinary at roughly **2.8:1**, but the technical structure makes the setup worth monitoring. The key is confirmation. Price is above the 50-day average, higher lows are developing, momentum is recovering, and resistance is being tested. Now buyers need to prove they can break **$97**. **Above $97, I'm interested in the long side. Below it, I wait.**