📉 🚀
🔹 Asset: Pro-Dex, Inc. (PDEX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $46.26 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $48.78 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $43.74 (First Support Level)
📌 TP2: $40.94 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $48.78 - $46.26 = $2.52 per share
📈 Reward to TP1: $46.26 - $43.74 = $2.52 (1:1 R/R)
📈 Reward to TP2: $46.26 - $40.94 = $5.32 (1:2.11 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.11 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Ascending Wedge Breakdown Setup – Price breaking below trendline support.
📌 Weak Buying Pressure – Sellers rejecting key levels near $46.26.
📌 Volume Confirmation Needed – A strong sell volume spike below $46.26 confirms breakdown.
📌 Momentum Shift Expected – Breakdown could lead to $43.74, then extend to $40.94.
📊 Key Resistance & Support Levels
🔴 $48.78 – Stop-Loss / Resistance Level
🟡 $46.26 – Breakdown Level / Short Entry
⚪ $43.74 – First Target / TP1
🟢 $40.94 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($46.26) after hitting TP1 ($43.74).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $43.74, let the rest run to $40.94.
✔ Adjust SL to breakeven ($46.26) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $46.26, exit early to limit losses.
❌ Wait for a strong bearish candle close below $46.26 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.11 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 🔥
#ProfittoPath 🏆 | #PDEX 📊 | #StockMarket 📉 | #BearishSetup ⚠️ | #ShortTrade 💰 | #RiskManagement 🚀 | #MarketAnalysis 🔍 | #SwingTrading 📊
🔹 Asset: Pro-Dex, Inc. (PDEX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $46.26 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $48.78 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $43.74 (First Support Level)
📌 TP2: $40.94 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $48.78 - $46.26 = $2.52 per share
📈 Reward to TP1: $46.26 - $43.74 = $2.52 (1:1 R/R)
📈 Reward to TP2: $46.26 - $40.94 = $5.32 (1:2.11 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.11 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Ascending Wedge Breakdown Setup – Price breaking below trendline support.
📌 Weak Buying Pressure – Sellers rejecting key levels near $46.26.
📌 Volume Confirmation Needed – A strong sell volume spike below $46.26 confirms breakdown.
📌 Momentum Shift Expected – Breakdown could lead to $43.74, then extend to $40.94.
📊 Key Resistance & Support Levels
🔴 $48.78 – Stop-Loss / Resistance Level
🟡 $46.26 – Breakdown Level / Short Entry
⚪ $43.74 – First Target / TP1
🟢 $40.94 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($46.26) after hitting TP1 ($43.74).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $43.74, let the rest run to $40.94.
✔ Adjust SL to breakeven ($46.26) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $46.26, exit early to limit losses.
❌ Wait for a strong bearish candle close below $46.26 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.11 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 🔥
#ProfittoPath 🏆 | #PDEX 📊 | #StockMarket 📉 | #BearishSetup ⚠️ | #ShortTrade 💰 | #RiskManagement 🚀 | #MarketAnalysis 🔍 | #SwingTrading 📊
Declinazione di responsabilità
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.
Declinazione di responsabilità
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.