📉 🚀
🔹 Asset: Bank of America (BAC)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $40.30 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $41.70 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $38.67 (First Support Level)
📌 TP2: $36.75 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $41.70 - $40.30 = $1.40 risk per unit
📈 Reward to TP1: $40.30 - $38.67 = $1.63 (1:1.16 R/R)
📈 Reward to TP2: $40.30 - $36.75 = $3.55 (1:2.54 R/R)
💡 Favorable Risk-Reward Ratio – Aiming for a 1:2.54 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Trendline Breakdown – The price was rejected at the descending trendline.
📌 Weak Buying Pressure – Rejection at $40.30 suggests sellers are in control.
📌 Volume Confirmation Needed – Increased selling volume below $40.30 confirms momentum.
📌 Momentum Shift Expected – If price remains below $40.30, it could decline toward $38.67, then $36.75.
📊 Key Resistance & Support Levels
🔴 $41.70 – Stop-Loss / Resistance Level
🟡 $40.30 – Breakdown Level / Short Entry
⚪ $38.67 – First Target / TP1
🟢 $36.75 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure below $40.30 before entering.
📉 Trailing Stop Strategy – Move SL to breakeven ($40.30) after hitting TP1 ($38.67).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $38.67, let the rest run to $36.75.
✔ Adjust SL to breakeven ($40.30) after TP1 is hit.
⚠️ Fake Breakdown Risk:
❌ If price moves back above $40.30, exit early to limit losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breakdown signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.54 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 Hashtags for Engagement:
#BankOfAmerica 📉 #BAC 📊 #StockTrading 📉 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Stocks 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
🔹 Asset: Bank of America (BAC)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $40.30 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $41.70 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $38.67 (First Support Level)
📌 TP2: $36.75 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $41.70 - $40.30 = $1.40 risk per unit
📈 Reward to TP1: $40.30 - $38.67 = $1.63 (1:1.16 R/R)
📈 Reward to TP2: $40.30 - $36.75 = $3.55 (1:2.54 R/R)
💡 Favorable Risk-Reward Ratio – Aiming for a 1:2.54 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Trendline Breakdown – The price was rejected at the descending trendline.
📌 Weak Buying Pressure – Rejection at $40.30 suggests sellers are in control.
📌 Volume Confirmation Needed – Increased selling volume below $40.30 confirms momentum.
📌 Momentum Shift Expected – If price remains below $40.30, it could decline toward $38.67, then $36.75.
📊 Key Resistance & Support Levels
🔴 $41.70 – Stop-Loss / Resistance Level
🟡 $40.30 – Breakdown Level / Short Entry
⚪ $38.67 – First Target / TP1
🟢 $36.75 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure below $40.30 before entering.
📉 Trailing Stop Strategy – Move SL to breakeven ($40.30) after hitting TP1 ($38.67).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $38.67, let the rest run to $36.75.
✔ Adjust SL to breakeven ($40.30) after TP1 is hit.
⚠️ Fake Breakdown Risk:
❌ If price moves back above $40.30, exit early to limit losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breakdown signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.54 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 Hashtags for Engagement:
#BankOfAmerica 📉 #BAC 📊 #StockTrading 📉 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Stocks 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
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.