NextDecade Corporation (NEXT) – 30-Min Short Trade Setup !

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🔹 Asset: NextDecade Corporation (NEXT – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Break Breakdown & Rejection at Resistance

📊 Trade Plan (Short Position)
✅ Entry Zone: Below $9.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.78 (Trendline & Resistance Confluence)

🎯 Take Profit Target:
📌 TP1: $9.01 (Key Support Zone)
📌 TP2: $8.48 (Prior Consolidation Zone)

📊 Risk-Reward Ratio Calculation:

📉 Risk (SL Distance):
$9.78 - $9.42 = $0.36 risk per share

📈 Reward to TP1:
$9.42 - $9.01 = $0.41 (1:1.13 R/R)

📈 Reward to TP2:
$9.42 - $8.48 = $0.94 (1:2.61 R/R)

🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is testing support trendline, potentially failing breakout attempt.
📌 Rejection at $9.78: Multiple rejections near resistance zone signal seller strength.
📌 Bearish Candlestick Confirmation: Wait for 30-min candle close below $9.42 with volume.
📌 Break of Structure Below $9.01: Opens door to deeper pullback toward $8.48.

⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Look for increasing sell volume under $9.42.
📉 Trailing Stop Strategy: Move SL to $9.42 (entry) after TP1 ($9.01) is reached.

💰 Partial Profit Booking Strategy:
✔ Take 50% off at TP1 ($9.01), let rest run to TP2 ($8.48).
✔ Adjust SL to break-even ($9.42) after TP1 is hit.

⚠️ Breakdown Failure Risk
❌ If price bounces back above $9.42 with strength, exit early.
❌ No entry unless candle closes below trendline.

🚨 Final Thoughts
✔ Clean short setup – Breakdown of ascending support
✔ Good R/R potential toward TP2
✔ Be patient – Confirm volume & close below $9.42 before entry

🔗 #NEXT #NASDAQ #ShortTrade #SwingTrading #ProfittoPath 📉📊