Short Trade Setup – AVPT!

📉
🔹 Asset: AvePoint, Inc. (NASDAQ: AVPT)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)

📌 Trade Plan (Short Position)
✅ Entry Zone: Around $19.99 (yellow line – wedge resistance + price rejection)

❌ Stop-Loss (SL): Above $20.74 (white line – wedge invalidation)

🎯 Take Profit Targets:

📌 TP1: $18.82 (red line – recent support)

📌 TP2: $17.73 (green line – key support zone)

📊 Risk-Reward Calculation
Risk: $20.74 - $19.99 = $0.75

Reward to TP1: $19.99 - $18.82 = $1.17 → R:R = 1:1.56 ✅

Reward to TP2: $19.99 - $17.73 = $2.26 → R:R = 1:3.01 ✅✅

🔍 Technical Highlights
Tight rising wedge forming near recent highs

Clear rejection at resistance zone (yellow line)

Trendline (pink) and wedge resistance converging

Potential loss of bullish momentum at top

🎯 Execution Plan
🔽 Enter short around $19.99 on bearish confirmation

🛑 Stop-loss above $20.74 to avoid false breakout

💵 TP1 for quick exit, let rest ride to TP2

⚠️ Exit Strategy
Bullish breakout candle above $20.74

High-volume upside = setup invalid

✅ Final Take
Strong bearish wedge setup with favorable risk-reward. Ideal for short traders watching breakdown patterns.