๐
๐น Asset: Innovative Solutions and Support, Inc. (ISSC)
๐น Timeframe: 1-Hour Chart
๐น Setup Type: Descending Triangle Breakdown & Bearish Continuation Trade
๐ Trade Plan (Short Position)
โ Entry Zone: Below $7.92 (Breakdown Confirmation)
โ Stop-Loss (SL): Above $8.44 (Break of Resistance & Trendline)
๐ฏ Take Profit Targets
๐ TP1: $7.36 (First Support Level)
๐ TP2: $6.67 (Final Target โ Extended Bearish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $8.44 - $7.92 = $0.52 risk per share
๐ Reward to TP1: $7.92 - $7.36 = $0.56 (1.08 R/R)
๐ Reward to TP2: $7.92 - $6.67 = $1.25 (2.40 R/R)
๐ Technical Analysis & Strategy
๐ Descending Triangle Breakdown Setup: ISSC has been forming lower highs, indicating strong selling pressure.
๐ Support & Resistance Flip: The price is breaking below the $7.92 support level, confirming bearish momentum.
๐ Breakdown Confirmation: A strong bearish candle closing below $7.92 with high volume would validate the short trade.
๐ Momentum Shift Expected: If price stays below $7.92, it could drop toward $7.36 (TP1) and $6.67 (TP2).
๐ Key Support & Resistance Levels
๐ด $8.44 โ Strong Resistance / Stop-Loss Level
๐ก $7.92 โ Entry / Breakdown Level
๐ข $7.36 โ First Support / TP1
๐ข $6.67 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure strong selling volume below $7.92 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($7.92) after TP1 ($7.36) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $7.36, let the rest run to $6.67.
โ Adjust Stop-Loss to Break-even ($7.92) after TP1 is reached.
โ ๏ธ Fake Breakdown Risk
โ If price closes back above $7.92, it could indicate a fake breakdownโexit early.
โ Wait for a strong candle close below $7.92 for confirmation before entering aggressively.
๐ Final Thoughts
โ Bearish Setup โ Breaking below $7.92 could lead to lower targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.08 to TP1, 1:2.40 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #ISSC #InnovativeSolutions #BearishBreakdown #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumTrading #SwingTrading #TradingView #ShortTrade #TradeSmart #RiskManagement #StockShorting #Investing #StockAlerts #ChartAnalysis ๐๐
๐น Asset: Innovative Solutions and Support, Inc. (ISSC)
๐น Timeframe: 1-Hour Chart
๐น Setup Type: Descending Triangle Breakdown & Bearish Continuation Trade
๐ Trade Plan (Short Position)
โ Entry Zone: Below $7.92 (Breakdown Confirmation)
โ Stop-Loss (SL): Above $8.44 (Break of Resistance & Trendline)
๐ฏ Take Profit Targets
๐ TP1: $7.36 (First Support Level)
๐ TP2: $6.67 (Final Target โ Extended Bearish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $8.44 - $7.92 = $0.52 risk per share
๐ Reward to TP1: $7.92 - $7.36 = $0.56 (1.08 R/R)
๐ Reward to TP2: $7.92 - $6.67 = $1.25 (2.40 R/R)
๐ Technical Analysis & Strategy
๐ Descending Triangle Breakdown Setup: ISSC has been forming lower highs, indicating strong selling pressure.
๐ Support & Resistance Flip: The price is breaking below the $7.92 support level, confirming bearish momentum.
๐ Breakdown Confirmation: A strong bearish candle closing below $7.92 with high volume would validate the short trade.
๐ Momentum Shift Expected: If price stays below $7.92, it could drop toward $7.36 (TP1) and $6.67 (TP2).
๐ Key Support & Resistance Levels
๐ด $8.44 โ Strong Resistance / Stop-Loss Level
๐ก $7.92 โ Entry / Breakdown Level
๐ข $7.36 โ First Support / TP1
๐ข $6.67 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure strong selling volume below $7.92 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($7.92) after TP1 ($7.36) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $7.36, let the rest run to $6.67.
โ Adjust Stop-Loss to Break-even ($7.92) after TP1 is reached.
โ ๏ธ Fake Breakdown Risk
โ If price closes back above $7.92, it could indicate a fake breakdownโexit early.
โ Wait for a strong candle close below $7.92 for confirmation before entering aggressively.
๐ Final Thoughts
โ Bearish Setup โ Breaking below $7.92 could lead to lower targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.08 to TP1, 1:2.40 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #ISSC #InnovativeSolutions #BearishBreakdown #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumTrading #SwingTrading #TradingView #ShortTrade #TradeSmart #RiskManagement #StockShorting #Investing #StockAlerts #ChartAnalysis ๐๐
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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.