AAL Short Trade Setup (30-Min Chart)!

179
๐Ÿšจ๐Ÿ”ฅ

๐Ÿ” Stock: AAL (NASDAQ)
โณ Timeframe: 30-Min Chart
๐Ÿ“‰ Setup Type: Bearish Breakdown
๐Ÿ“ Trade Plan:
๐Ÿ”ป Entry: $17.03 (Breakdown Confirmation)
โœ… Stop-Loss (SL): $17.60 (Above resistance level for risk control)
๐ŸŽฏ Target 1: $16.39 (Key support level)
๐Ÿš€ Target 2: $15.79 (Major support zone โ€“ Extended Downside Potential)

๐Ÿ”น Risk-Reward Ratio: Favorable for shorting ๐Ÿ“Š
๐Ÿ”น Momentum: Strong bearish pressure and breakdown ๐Ÿ“‰
๐Ÿ”น Pattern: Descending triangle breakdown

๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Ensure strong selling volume for sustained move.
๐Ÿ“‰ Trailing Stop Strategy: If price reaches $16.39, consider adjusting SL lower to secure profits.
๐Ÿ’ฐ Partial Profit Booking: Take partial profits at Target 1 and let the rest drop towards Target 2.
โš ๏ธ Watch for Fake Breakdowns: If price reclaims $17.03, exit early to minimize losses.
๐Ÿš€ Final Thoughts:
โœ… Bearish Pattern Confirmation โ€“ High probability of downward continuation.
โœ… Strong Resistance at $17.60 โ€“ Ideal SL placement.
โœ… Breakdown Momentum โ€“ Potential for a sharp decline.
Trade Smart & Stick to Your Plan! ๐Ÿ†๐Ÿ’ฐ
Let me know if you need a more detailed breakdown! ๐Ÿš€๐Ÿ“ˆ

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