📉
🔹 Asset: AvePoint, Inc. (NASDAQ: AVPT)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $19.99 (yellow line – wedge resistance + price rejection)
❌ Stop-Loss (SL): Above $20.74 (white line – wedge invalidation)
🎯 Take Profit Targets:
📌 TP1: $18.82 (red line – recent support)
📌 TP2: $17.73 (green line – key support zone)
📊 Risk-Reward Calculation
Risk: $20.74 - $19.99 = $0.75
Reward to TP1: $19.99 - $18.82 = $1.17 → R:R = 1:1.56 ✅
Reward to TP2: $19.99 - $17.73 = $2.26 → R:R = 1:3.01 ✅✅
🔍 Technical Highlights
Tight rising wedge forming near recent highs
Clear rejection at resistance zone (yellow line)
Trendline (pink) and wedge resistance converging
Potential loss of bullish momentum at top
🎯 Execution Plan
🔽 Enter short around $19.99 on bearish confirmation
🛑 Stop-loss above $20.74 to avoid false breakout
💵 TP1 for quick exit, let rest ride to TP2
⚠️ Exit Strategy
Bullish breakout candle above $20.74
High-volume upside = setup invalid
✅ Final Take
Strong bearish wedge setup with favorable risk-reward. Ideal for short traders watching breakdown patterns.
🔹 Asset: AvePoint, Inc. (NASDAQ: AVPT)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $19.99 (yellow line – wedge resistance + price rejection)
❌ Stop-Loss (SL): Above $20.74 (white line – wedge invalidation)
🎯 Take Profit Targets:
📌 TP1: $18.82 (red line – recent support)
📌 TP2: $17.73 (green line – key support zone)
📊 Risk-Reward Calculation
Risk: $20.74 - $19.99 = $0.75
Reward to TP1: $19.99 - $18.82 = $1.17 → R:R = 1:1.56 ✅
Reward to TP2: $19.99 - $17.73 = $2.26 → R:R = 1:3.01 ✅✅
🔍 Technical Highlights
Tight rising wedge forming near recent highs
Clear rejection at resistance zone (yellow line)
Trendline (pink) and wedge resistance converging
Potential loss of bullish momentum at top
🎯 Execution Plan
🔽 Enter short around $19.99 on bearish confirmation
🛑 Stop-loss above $20.74 to avoid false breakout
💵 TP1 for quick exit, let rest ride to TP2
⚠️ Exit Strategy
Bullish breakout candle above $20.74
High-volume upside = setup invalid
✅ Final Take
Strong bearish wedge setup with favorable risk-reward. Ideal for short traders watching breakdown patterns.
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.