VPG – 30-Min Short Trade Setup!

📉 !
🔹 Ticker: VPG (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Rejection Zone: ~$28.28–$29.09

📊 Trade Plan (Short Position)
✅ Entry Zone: $28.20–$28.30 (yellow zone rejection)
✅ Stop Loss (SL): Above $29.09 (white resistance)
✅ Take Profit Targets:
📌 TP1: $27.01 (red zone – prior support)
📌 TP2: $25.50 (green zone – breakout base)

📐 Risk-Reward Analysis
📉 Risk:
$29.09 - $28.28 = $0.81

📈 Reward to TP1:
$28.28 - $27.01 = $1.27 → 1.57:1 R/R

📈 Reward to TP2:
$28.28 - $25.50 = $2.78 → 3.43:1 R/R

🔍 Technical Highlights
Price formed a rising wedge after a sharp move up

Rejection at prior resistance zone (white line)

Price consolidating under key level = bearish pressure

Low-volume breakout attempts = lack of buyer strength

⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let remaining ride to TP2 with trailing SL

⚠️ Setup Invalidation
❌ Strong breakout above $29.09
❌ Bullish volume surge through resistance
❌ Breakdown failure and wedge invalidation