🎯 Take Profit Targets: 📌 TP1: $73.33 (First Support Level) 📌 TP2: $64.83 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): $87.35 - $79.84 = $7.51 risk per unit 📈 Reward to TP1: $79.84 - $73.33 = $6.51 (1:0.87 R/R) 📈 Reward to TP2: $79.84 - $64.83 = $15.01 (1:2.00 R/R)
💡 Favorable Risk-Reward Setup – Aiming for a 1:2.00 R/R at TP2.
🔍 Technical Analysis & Strategy 📌 Bearish Rising Wedge Breakdown – Price has broken below an ascending support line. 📌 Weak Buying Pressure – Struggling to hold above $79.84, signaling seller dominance. 📌 Volume Confirmation Needed – Increased selling pressure below $79.84 will confirm the downside move. 📌 Momentum Shift Expected – Breakdown below $79.84 can push price to $73.33, then $64.83.
📊 Key Resistance & Support Levels 🔴 $87.35 – Stop-Loss / Resistance Level 🟡 $79.84 – Breakdown Level / Short Entry ⚪ $73.33 – First Target / TP1 🟢 $64.83 – Final Target / TP2
📉 Trade Execution & Risk Management 📊 Volume Confirmation – Ensure strong selling pressure below $79.84 before entering. 📉 Trailing Stop Strategy – Move SL to breakeven ($79.84) after hitting TP1 ($73.33). 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $73.33, let the rest run to $64.83. ✔ Adjust SL to breakeven ($79.84) after TP1 is hit.
⚠️ Fake Breakdown Risk: ❌ If price moves back above $79.84, exit early to limit losses. ❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts ✔ Bearish Setup – Breakdown signals downside potential. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:2.00 R/R to TP2. 💡 Stick to the plan, manage risk, and trade smart! 📉🔥
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.