📌 🚀
🔹 Asset: ESTA (Establishment Labs Holdings Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $42.92 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $45.36 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $40.41 (First Support Level)
📌 TP2: $37.69 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $45.36 - $42.92 = $2.44 risk per share
📉 Reward to TP1: $42.92 - $40.41 = $2.51 (1:1 R/R)
📉 Reward to TP2: $42.92 - $37.69 = $5.23 (1:2.1 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price has broken below a rising wedge, signaling a bearish move.
📌 Loss of Momentum: The stock is struggling to hold above $42.92, indicating weakness.
📌 Volume Confirmation Needed: Ensure high selling volume below $42.92 to confirm the short entry.
📌 Momentum Shift Expected: If price drops below $42.92, it may test $40.41 and then $37.69.
📊 Key Support & Resistance Levels
🔴 $45.36 – Stop-Loss / Resistance Level
🟡 $42.92 – Breakdown Level / Short Entry
🟢 $40.41 – First Support / TP1
🟢 $37.69 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high selling volume below $42.92 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($42.92) after TP1 ($40.41) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $40.41, let the rest run toward $37.69.
✔ Adjust Stop-Loss to Break-even ($42.92) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price fails to hold below $42.92 and bounces back, exit early to avoid losses.
❌ Wait for a strong bearish candle close below $42.92 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $42.92 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #StockMarket 📉 #TradingNews 📰 #ShortTrade 🚨 #StockAnalysis 📊 #MarketUpdate 🔥 #Investing 💰 #Trading 📈 #Finance 💵 #ProfittoPath 🚀 #SwingTrading 🔄 #DayTrading ⚡ #StockTrader 💸 #TechnicalAnalysis 📉 #Bearish 🐻 #RiskManagement ⚠️ #TradingCommunity 🤝
🔹 Asset: ESTA (Establishment Labs Holdings Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $42.92 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $45.36 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $40.41 (First Support Level)
📌 TP2: $37.69 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $45.36 - $42.92 = $2.44 risk per share
📉 Reward to TP1: $42.92 - $40.41 = $2.51 (1:1 R/R)
📉 Reward to TP2: $42.92 - $37.69 = $5.23 (1:2.1 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price has broken below a rising wedge, signaling a bearish move.
📌 Loss of Momentum: The stock is struggling to hold above $42.92, indicating weakness.
📌 Volume Confirmation Needed: Ensure high selling volume below $42.92 to confirm the short entry.
📌 Momentum Shift Expected: If price drops below $42.92, it may test $40.41 and then $37.69.
📊 Key Support & Resistance Levels
🔴 $45.36 – Stop-Loss / Resistance Level
🟡 $42.92 – Breakdown Level / Short Entry
🟢 $40.41 – First Support / TP1
🟢 $37.69 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high selling volume below $42.92 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($42.92) after TP1 ($40.41) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $40.41, let the rest run toward $37.69.
✔ Adjust Stop-Loss to Break-even ($42.92) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price fails to hold below $42.92 and bounces back, exit early to avoid losses.
❌ Wait for a strong bearish candle close below $42.92 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $42.92 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #StockMarket 📉 #TradingNews 📰 #ShortTrade 🚨 #StockAnalysis 📊 #MarketUpdate 🔥 #Investing 💰 #Trading 📈 #Finance 💵 #ProfittoPath 🚀 #SwingTrading 🔄 #DayTrading ⚡ #StockTrader 💸 #TechnicalAnalysis 📉 #Bearish 🐻 #RiskManagement ⚠️ #TradingCommunity 🤝
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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.