📉🚨
🔹 Asset: FINV – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Rising Wedge Pattern)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $10.65 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $11.27 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $10.05 (Support Level)
📌 TP2: $9.26 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$11.27 - $10.65 = $0.62 risk per share
📈 Reward to TP1:
$10.65 - $10.05 = $0.60 (1:0.97 R/R)
📈 Reward to TP2:
$10.65 - $9.26 = $1.39 (1:2.24 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is failing to break higher, signaling bearish momentum.
📌 Resistance at $11.27: A strong rejection level, confirming downward pressure.
📌 Volume Confirmation Needed: Look for above-average selling volume below $10.65 for validation.
📌 Support at $10.05: If this level is broken, expect further downside toward TP2.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $10.65 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($10.65) after hitting TP1 ($10.05).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($10.05), let the rest run toward TP2 ($9.26).
✔ Adjust Stop-Loss to Break-even ($10.65) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $10.65, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $10.65 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.24 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #FINV #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
🔹 Asset: FINV – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Rising Wedge Pattern)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $10.65 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $11.27 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $10.05 (Support Level)
📌 TP2: $9.26 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$11.27 - $10.65 = $0.62 risk per share
📈 Reward to TP1:
$10.65 - $10.05 = $0.60 (1:0.97 R/R)
📈 Reward to TP2:
$10.65 - $9.26 = $1.39 (1:2.24 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is failing to break higher, signaling bearish momentum.
📌 Resistance at $11.27: A strong rejection level, confirming downward pressure.
📌 Volume Confirmation Needed: Look for above-average selling volume below $10.65 for validation.
📌 Support at $10.05: If this level is broken, expect further downside toward TP2.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $10.65 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($10.65) after hitting TP1 ($10.05).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($10.05), let the rest run toward TP2 ($9.26).
✔ Adjust Stop-Loss to Break-even ($10.65) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $10.65, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $10.65 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.24 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #FINV #NYSE #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.