📉**Description:**
This chart outlines a **bearish trade setup** for Amazon (
AMZN) with a focus on capitalizing on downside momentum:
- **Entry**: $225.05 – Price is at a potential rejection zone below resistance.
- **Stop Loss**: Above $230.40 – Protects against invalidation of the bearish setup.
- **Targets**:
- **Target 1 (T1)**: $219.78 (red line) – Immediate support and a key short-term target.
- **Target 2 (T2)**: $211.86 (green line) – Strong secondary support for extended downside profit.
**Key Setup Details**:
- The breakdown from the ascending trendline suggests bearish momentum.
- Price rejection near $225.05 provides a favorable risk-reward ratio for this trade.
**Strategy**:
- Enter short at $225.05.
- Place a stop loss above $230.40.
- Look for profit-taking at $219.78 and $211.86.
**Why This Chart is Important**
This chart highlights a bearish breakdown opportunity in AMZN, offering a favorable risk-reward setup for short trades.
**Conclusion**
A rejection at $225.05 with targets at $219.78 and $211.86 confirms bearish momentum, making this a strategic short entry. 📉
This chart outlines a **bearish trade setup** for Amazon (
AMZN) with a focus on capitalizing on downside momentum:- **Entry**: $225.05 – Price is at a potential rejection zone below resistance.
- **Stop Loss**: Above $230.40 – Protects against invalidation of the bearish setup.
- **Targets**:
- **Target 1 (T1)**: $219.78 (red line) – Immediate support and a key short-term target.
- **Target 2 (T2)**: $211.86 (green line) – Strong secondary support for extended downside profit.
**Key Setup Details**:
- The breakdown from the ascending trendline suggests bearish momentum.
- Price rejection near $225.05 provides a favorable risk-reward ratio for this trade.
**Strategy**:
- Enter short at $225.05.
- Place a stop loss above $230.40.
- Look for profit-taking at $219.78 and $211.86.
**Why This Chart is Important**
This chart highlights a bearish breakdown opportunity in AMZN, offering a favorable risk-reward setup for short trades.
**Conclusion**
A rejection at $225.05 with targets at $219.78 and $211.86 confirms bearish momentum, making this a strategic short entry. 📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.