ISSC โ€“ 1H Short Trade Setup!

39
๐Ÿ“Œ
๐Ÿ”น Asset: Innovative Solutions and Support, Inc. (ISSC)
๐Ÿ”น Timeframe: 1-Hour Chart
๐Ÿ”น Setup Type: Descending Triangle Breakdown & Bearish Continuation Trade

๐Ÿ“Œ Trade Plan (Short Position)
โœ… Entry Zone: Below $7.92 (Breakdown Confirmation)
โœ… Stop-Loss (SL): Above $8.44 (Break of Resistance & Trendline)

๐ŸŽฏ Take Profit Targets
๐Ÿ“Œ TP1: $7.36 (First Support Level)
๐Ÿ“Œ TP2: $6.67 (Final Target โ€“ Extended Bearish Move)

๐Ÿ“Š Risk-Reward Ratio Calculation
๐Ÿ“‰ Risk (SL Distance): $8.44 - $7.92 = $0.52 risk per share
๐Ÿ“‰ Reward to TP1: $7.92 - $7.36 = $0.56 (1.08 R/R)
๐Ÿ“‰ Reward to TP2: $7.92 - $6.67 = $1.25 (2.40 R/R)

๐Ÿ” Technical Analysis & Strategy
๐Ÿ“Œ Descending Triangle Breakdown Setup: ISSC has been forming lower highs, indicating strong selling pressure.
๐Ÿ“Œ Support & Resistance Flip: The price is breaking below the $7.92 support level, confirming bearish momentum.
๐Ÿ“Œ Breakdown Confirmation: A strong bearish candle closing below $7.92 with high volume would validate the short trade.
๐Ÿ“Œ Momentum Shift Expected: If price stays below $7.92, it could drop toward $7.36 (TP1) and $6.67 (TP2).

๐Ÿ“Š Key Support & Resistance Levels
๐Ÿ”ด $8.44 โ€“ Strong Resistance / Stop-Loss Level
๐ŸŸก $7.92 โ€“ Entry / Breakdown Level
๐ŸŸข $7.36 โ€“ First Support / TP1
๐ŸŸข $6.67 โ€“ Final Target / TP2

๐Ÿš€ Trade Execution & Risk Management
๐Ÿ“Š Volume Confirmation: Ensure strong selling volume below $7.92 before entering.
๐Ÿ“‰ Trailing Stop Strategy: Move SL to entry ($7.92) after TP1 ($7.36) is hit.
๐Ÿ’ฐ Partial Profit Booking Strategy:
โœ” Take 50% profits at $7.36, let the rest run to $6.67.
โœ” Adjust Stop-Loss to Break-even ($7.92) after TP1 is reached.

โš ๏ธ Fake Breakdown Risk
โŒ If price closes back above $7.92, it could indicate a fake breakdownโ€”exit early.
โŒ Wait for a strong candle close below $7.92 for confirmation before entering aggressively.

๐Ÿš€ Final Thoughts
โœ” Bearish Setup โ€“ Breaking below $7.92 could lead to lower targets.
โœ” Momentum Shift Possible โ€“ Watch for volume confirmation.
โœ” Favorable Risk-Reward Ratio โ€“ 1:1.08 to TP1, 1:2.40 to TP2.

๐Ÿ’ก Stick to the plan, manage risk, and trade smart! ๐Ÿš€๐Ÿ†
๐Ÿ”— #StockTrading #ISSC #InnovativeSolutions #BearishBreakdown #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumTrading #SwingTrading #TradingView #ShortTrade #TradeSmart #RiskManagement #StockShorting #Investing #StockAlerts #ChartAnalysis ๐Ÿš€๐Ÿ“‰

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.