**Bearish Trade Plan for ACHR**
- **Entry**: **$8.83** (Confirmation of breakdown below wedge support)
- **Stop Loss (SL)**: **$9.30** (Above the key resistance level)
**Targets**:
- **Target 1 (T1)**: **$8.32** (First support level, red line)
- **Target 2 (T2)**: **$7.56** (Major support level, green line
**Trade Rationale**:
The rising wedge breakdown signals bearish momentum. The stop loss at **$9.30** protects against invalidation of the setup, while the downside targets align with key support levels. Monitor volume for confirmation of selling pressure.
- **Entry**: **$8.83** (Confirmation of breakdown below wedge support)
- **Stop Loss (SL)**: **$9.30** (Above the key resistance level)
**Targets**:
- **Target 1 (T1)**: **$8.32** (First support level, red line)
- **Target 2 (T2)**: **$7.56** (Major support level, green line
**Trade Rationale**:
The rising wedge breakdown signals bearish momentum. The stop loss at **$9.30** protects against invalidation of the setup, while the downside targets align with key support levels. Monitor volume for confirmation of selling pressure.
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.