📌 📉
🔹 Asset: SMST (Defiance Daily Target 2X Short MSTR ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $8.10 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.03 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $7.35 (First Support Level)
📌 TP2: $6.47 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $9.03 - $8.10 = $0.93 risk per share
📉 Reward to TP1: $8.10 - $7.35 = $0.75 (1:0.81 R/R)
📉 Reward to TP2: $8.10 - $6.47 = $1.63 (1:1.75 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price attempted to break out but faced resistance around $8.18, indicating seller dominance.
📌 Bearish Reversal Signal: The trendline is breaking, showing potential downside pressure.
📌 Breakdown Confirmation: A strong bearish candle closing below $8.10 with increased volume will confirm the move.
📌 Momentum Shift Expected: If the price stays below $8.10, a move toward $7.35 (TP1) and $6.47 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $9.03 – Strong Resistance / Stop-Loss Level
🟡 $8.10 – Entry / Breakdown Level
🟢 $7.35 – First Support / TP1
🟢 $6.47 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $8.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.10) after TP1 ($7.35) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $7.35, let the rest run to $6.47.
✔ Adjust Stop-Loss to Break-even ($8.10) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price bounces back above $8.10, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $8.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $8.10 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.81 to TP1, 1:1.75 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SMST #ShortTrade #BreakdownTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📉🚀
🔹 Asset: SMST (Defiance Daily Target 2X Short MSTR ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $8.10 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.03 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $7.35 (First Support Level)
📌 TP2: $6.47 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $9.03 - $8.10 = $0.93 risk per share
📉 Reward to TP1: $8.10 - $7.35 = $0.75 (1:0.81 R/R)
📉 Reward to TP2: $8.10 - $6.47 = $1.63 (1:1.75 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price attempted to break out but faced resistance around $8.18, indicating seller dominance.
📌 Bearish Reversal Signal: The trendline is breaking, showing potential downside pressure.
📌 Breakdown Confirmation: A strong bearish candle closing below $8.10 with increased volume will confirm the move.
📌 Momentum Shift Expected: If the price stays below $8.10, a move toward $7.35 (TP1) and $6.47 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $9.03 – Strong Resistance / Stop-Loss Level
🟡 $8.10 – Entry / Breakdown Level
🟢 $7.35 – First Support / TP1
🟢 $6.47 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $8.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.10) after TP1 ($7.35) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $7.35, let the rest run to $6.47.
✔ Adjust Stop-Loss to Break-even ($8.10) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price bounces back above $8.10, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $8.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $8.10 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.81 to TP1, 1:1.75 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SMST #ShortTrade #BreakdownTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📉🚀
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.