📌 🚀
🔹 Asset: ATN International, Inc. (ATNI – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $23.12 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $23.85 (Key Resistance Level)
🎯 Take Profit Targets:
📌 TP1: $22.01 (First Support Level)
📌 TP2: $20.76 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$23.12 - $23.85 = $0.73 risk per share
📈 Reward to TP1:
$23.12 - $22.01 = $1.11 (1:1.52 R/R)
📈 Reward to TP2:
$23.12 - $20.76 = $2.36 (1:3.23 R/R)
✅ Good Risk-Reward Ratio – A solid short trade setup!
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is breaking below the wedge pattern, indicating bearish momentum.
📌 Key Support at $22.01: A breakdown through this level opens the way to TP2.
📌 Volume Confirmation Needed: Ensure above-average selling volume below $23.12 to validate the breakdown.
📌 Resistance at $23.85: A move above this invalidates the trade setup.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bearish volume below $23.12 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($23.12) after TP1 ($22.01) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($22.01), let the rest run toward $20.76 (TP2).
✔ Adjust Stop-Loss to Break-even ($23.12) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price fails to stay below $23.12, exit early.
❌ Wait for a 30-min candle close below the breakdown level before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.23 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ATNI #NASDAQ #ShortTrade #TradingView #ProfittoPath 💰📊
🔹 Asset: ATN International, Inc. (ATNI – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $23.12 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $23.85 (Key Resistance Level)
🎯 Take Profit Targets:
📌 TP1: $22.01 (First Support Level)
📌 TP2: $20.76 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$23.12 - $23.85 = $0.73 risk per share
📈 Reward to TP1:
$23.12 - $22.01 = $1.11 (1:1.52 R/R)
📈 Reward to TP2:
$23.12 - $20.76 = $2.36 (1:3.23 R/R)
✅ Good Risk-Reward Ratio – A solid short trade setup!
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is breaking below the wedge pattern, indicating bearish momentum.
📌 Key Support at $22.01: A breakdown through this level opens the way to TP2.
📌 Volume Confirmation Needed: Ensure above-average selling volume below $23.12 to validate the breakdown.
📌 Resistance at $23.85: A move above this invalidates the trade setup.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bearish volume below $23.12 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($23.12) after TP1 ($22.01) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($22.01), let the rest run toward $20.76 (TP2).
✔ Adjust Stop-Loss to Break-even ($23.12) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price fails to stay below $23.12, exit early.
❌ Wait for a 30-min candle close below the breakdown level before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.23 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ATNI #NASDAQ #ShortTrade #TradingView #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.
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.