ABSI (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown!
📉 🔻
🔍 Stock: ABSI (NASDAQ)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown
📍 Trade Plan:
✅ Entry Zone: Below $4.52 (Breakdown Confirmation)
🚀 Take Profit 1 (TP1): $4.17 (First Support)
🚀 Take Profit 2 (TP2): $3.72 (Extended Bearish Target)
🔻 Stop-Loss (SL): Above $4.96 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉
🔹 Technical Analysis & Setup:
✅ Pattern: Bearish Pennant Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $4.52 with strong selling volume
✅ Support Zones:
$4.17: First Key Support
$3.72: Extended Target if selling pressure continues
✅ Momentum Shift Expected: Breakdown could trigger further downside pressure 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $4.52 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($4.17), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $4.17 and let the rest ride toward $3.72+ 💵
⚠️ Fake Breakdown Risk: If price rebounds back above $4.52, reconsider entry ❌
🚀 Final Thoughts:
✅ Bearish Breakdown Expected – High probability of continuation lower 📉
✅ Strong Resistance at $4.96 – Ideal short entry for risk-reward optimization 💰
✅ Momentum Shift Possible – A drop below $4.17 could accelerate downside move 🚀
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #ShortTrade #StockTrading #ABSI #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath 🚀📉
🔍 Stock: ABSI (NASDAQ)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown
📍 Trade Plan:
✅ Entry Zone: Below $4.52 (Breakdown Confirmation)
🚀 Take Profit 1 (TP1): $4.17 (First Support)
🚀 Take Profit 2 (TP2): $3.72 (Extended Bearish Target)
🔻 Stop-Loss (SL): Above $4.96 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉
🔹 Technical Analysis & Setup:
✅ Pattern: Bearish Pennant Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $4.52 with strong selling volume
✅ Support Zones:
$4.17: First Key Support
$3.72: Extended Target if selling pressure continues
✅ Momentum Shift Expected: Breakdown could trigger further downside pressure 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $4.52 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($4.17), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $4.17 and let the rest ride toward $3.72+ 💵
⚠️ Fake Breakdown Risk: If price rebounds back above $4.52, reconsider entry ❌
🚀 Final Thoughts:
✅ Bearish Breakdown Expected – High probability of continuation lower 📉
✅ Strong Resistance at $4.96 – Ideal short entry for risk-reward optimization 💰
✅ Momentum Shift Possible – A drop below $4.17 could accelerate downside move 🚀
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #ShortTrade #StockTrading #ABSI #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath 🚀📉
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.