Portillo's Inc.
Short

PTLO Short Trade Setup (30-Min Chart) !

### 🔻 **📉🔥**
🔍 **Stock:** PTLO (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown

### 📍 **Trade Plan:**
✅ **Entry Zone:** **$13.80 - $13.86** (Breakdown from Ascending Trendline)
🚀 **Take Profit 1 (TP1):** **$13.20** (Key Support)
🚀 **Take Profit 2 (TP2):** **$12.49+** (Extended Target if selling pressure continues)
🔻 **Stop-Loss (SL):** **$14.62** (Above resistance for risk control)
📊 **Risk-Reward Ratio:** Favorable for a bearish continuation 📉📈

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### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** **Bearish Breakdown from Rising Wedge 📈 → 📉**
✅ **Resistance Zone:** Strong seller presence around **$13.80 - $13.86 (Yellow Zone)**
✅ **Breakdown Confirmation Needed:** Price should drop below $13.80 with strong volume
✅ **Momentum Shift Expected:** Breakdown signals **potential downtrend continuation**

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### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for **increased selling volume** below $13.80 📉
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($13.20), adjust SL lower** to secure profits
💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($12.49+)**
⚠️ **Watch for Fake Breakdowns:** If price **rises above $13.86**, reconsider the setup

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### 🚀 **Final Thoughts:**
✅ **Bearish Breakdown Expected – High probability of continuation lower** 📉
✅ **Strong Resistance at $13.80 – Ideal short entry for risk-reward optimization** 💰
✅ **Momentum Shift Possible – A drop below $13.20 could drive PTLO to $12.49+** 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥

Would you like any refinements or additional insights? 🚀📉

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