📉 🚨🔥
🔍 **Stock:** HIMS (NYSE)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown
---
### **📍 Trade Plan:**
🔻 **Entry:** **$37.49** (Breakdown Confirmation)
✅ **Stop-Loss (SL):** **$40.10** (Above key resistance for risk control)
🎯 **Target 1:** **$35.31** (First Support Level)
🚀 **Target 2:** **$32.32** (Major Support Zone – Extended Downside Potential)
🔹 **Risk-Reward Ratio:** Favorable for shorting 📊
🔹 **Momentum:** Strong **rejection from resistance & rising wedge breakdown** 📉
🔹 **Pattern:** **Bearish Rising Wedge Breakdown**
---
### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Ensure strong selling volume for sustained move.
📉 **Trailing Stop Strategy:** If price reaches **$35.31**, consider adjusting SL lower to secure profits.
💰 **Partial Profit Booking:** Take partial profits at **Target 1** and let the rest drop towards **Target 2**.
⚠️ **Watch for Fake Breakdowns:** If price reclaims $37.49, exit early to minimize losses.
---
### **🚀 Final Thoughts:**
✅ **Bearish Breakdown Confirmed** – High probability of downward continuation.
✅ **Strong Resistance at $40.10** – Ideal SL placement.
✅ **Breakdown Momentum** – Potential for a sharp decline.
**Trade Smart & Stick to Your Plan!** 🏆💰
Let me know if you need a more detailed breakdown! 🚀📉
#ShortTrade #StockMarket #TradingStrategy #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BearishBreakdown #TradeSetup #StocksToWatch #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess #MoneyMoves
🔍 **Stock:** HIMS (NYSE)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown
---
### **📍 Trade Plan:**
🔻 **Entry:** **$37.49** (Breakdown Confirmation)
✅ **Stop-Loss (SL):** **$40.10** (Above key resistance for risk control)
🎯 **Target 1:** **$35.31** (First Support Level)
🚀 **Target 2:** **$32.32** (Major Support Zone – Extended Downside Potential)
🔹 **Risk-Reward Ratio:** Favorable for shorting 📊
🔹 **Momentum:** Strong **rejection from resistance & rising wedge breakdown** 📉
🔹 **Pattern:** **Bearish Rising Wedge Breakdown**
---
### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Ensure strong selling volume for sustained move.
📉 **Trailing Stop Strategy:** If price reaches **$35.31**, consider adjusting SL lower to secure profits.
💰 **Partial Profit Booking:** Take partial profits at **Target 1** and let the rest drop towards **Target 2**.
⚠️ **Watch for Fake Breakdowns:** If price reclaims $37.49, exit early to minimize losses.
---
### **🚀 Final Thoughts:**
✅ **Bearish Breakdown Confirmed** – High probability of downward continuation.
✅ **Strong Resistance at $40.10** – Ideal SL placement.
✅ **Breakdown Momentum** – Potential for a sharp decline.
**Trade Smart & Stick to Your Plan!** 🏆💰
Let me know if you need a more detailed breakdown! 🚀📉
#ShortTrade #StockMarket #TradingStrategy #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BearishBreakdown #TradeSetup #StocksToWatch #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess #MoneyMoves
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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.