📉
🔹 Asset: Hims & Hers Health, Inc. (NYSE: HIMS)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $49.49 (Breakdown confirmation)
✅ Stop-Loss (SL): Above $54.16 (Invalidation / top of wedge)
🎯 Take Profit Targets:
📌 TP1: $44.21 – Minor support
📌 TP2: $38.43 – Measured move target
📊 Risk-Reward Calculation
📉 Risk: $54.16 - $49.49 = $4.67
📈 Reward to TP1: $49.49 - $44.21 = $5.28 → 1:1.1 R/R
📈 Reward to TP2: $49.49 - $38.43 = $11.06 → 1:2.37 R/R ✅
🔍 Technical Highlights:
📌 Clean rising wedge pattern
📌 Bearish rejection from yellow zone
📌 Breakdown with retest at trendline
📌 Price struggling to stay above breakout highs
📉 Execution Strategy:
📊 Wait for solid breakdown candle below $49.49
📉 Move stop to breakeven after TP1
💰 Book partial profits at TP1, let rest run to TP2
🚨 Invalidation Risk:
❌ Exit if price pushes above $54.16
❌ Confirm breakdown with volume for clean entry
🚀 Final Take
✔ Rising wedge breakdown confirmed
✔ Bearish setup with good R:R
✔ Trade smart, manage risk — and execute with discipline
🔹 Asset: Hims & Hers Health, Inc. (NYSE: HIMS)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $49.49 (Breakdown confirmation)
✅ Stop-Loss (SL): Above $54.16 (Invalidation / top of wedge)
🎯 Take Profit Targets:
📌 TP1: $44.21 – Minor support
📌 TP2: $38.43 – Measured move target
📊 Risk-Reward Calculation
📉 Risk: $54.16 - $49.49 = $4.67
📈 Reward to TP1: $49.49 - $44.21 = $5.28 → 1:1.1 R/R
📈 Reward to TP2: $49.49 - $38.43 = $11.06 → 1:2.37 R/R ✅
🔍 Technical Highlights:
📌 Clean rising wedge pattern
📌 Bearish rejection from yellow zone
📌 Breakdown with retest at trendline
📌 Price struggling to stay above breakout highs
📉 Execution Strategy:
📊 Wait for solid breakdown candle below $49.49
📉 Move stop to breakeven after TP1
💰 Book partial profits at TP1, let rest run to TP2
🚨 Invalidation Risk:
❌ Exit if price pushes above $54.16
❌ Confirm breakdown with volume for clean entry
🚀 Final Take
✔ Rising wedge breakdown confirmed
✔ Bearish setup with good R:R
✔ Trade smart, manage risk — and execute with discipline
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.