📉🚨
🔹 Asset: HIMS – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Breakdown & Rejection at Resistance
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $37.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $39.83 (Double Resistance & False Breakout Zone)
🎯 Take Profit Targets:
📌 TP1: $34.98 (Major Support Zone)
📌 TP2: $32.16 (Previous Demand/Consolidation Area)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$39.83 - $37.42 = $2.41 risk per share
📈 Reward to TP1:
$37.42 - $34.98 = $2.44 (1.01:1 R/R)
📈 Reward to TP2:
$37.42 - $32.16 = $5.26 (2.18:1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Breakdown Setup: Price broke below a sharp rising trendline after rejection near horizontal resistance.
📌 Bearish Rejection at $38.00–$39.83: Strong seller zone with historical resistance.
📌 Bearish Candlestick Confirmation: Wait for a 30-min close below $37.42 with solid bearish volume for entry.
📌 Confluence at $34.98: Strong support from previous price structure.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Confirm selling volume on breakdown below $37.42.
📉 Trailing Stop Strategy: Move SL to break-even ($37.42) once TP1 ($34.98) is hit.
💰 Partial Profit Booking Strategy:
✔ Book 50% profits at TP1 ($34.98), let rest ride to TP2 ($32.16).
✔ Adjust SL to entry after TP1 is reached to protect capital.
⚠️ Breakdown Failure Risk
❌ Avoid early entry; wait for confirmation.
❌ If price holds above $37.42 and reclaims trendline, setup invalidates.
🚨 Final Thoughts
✔ Bearish rejection and trendline break signal a possible reversal.
✔ Clean 2.18:1 R/R toward TP2 – attractive short opportunity.
✔ Stick to plan, wait for confirmation, and manage risk accordingly.
🔗 #HIMS #NYSE #ShortTrade #TrendlineBreak #SwingTrading #ProfittoPath 📉📊
🔹 Asset: HIMS – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Breakdown & Rejection at Resistance
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $37.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $39.83 (Double Resistance & False Breakout Zone)
🎯 Take Profit Targets:
📌 TP1: $34.98 (Major Support Zone)
📌 TP2: $32.16 (Previous Demand/Consolidation Area)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$39.83 - $37.42 = $2.41 risk per share
📈 Reward to TP1:
$37.42 - $34.98 = $2.44 (1.01:1 R/R)
📈 Reward to TP2:
$37.42 - $32.16 = $5.26 (2.18:1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Breakdown Setup: Price broke below a sharp rising trendline after rejection near horizontal resistance.
📌 Bearish Rejection at $38.00–$39.83: Strong seller zone with historical resistance.
📌 Bearish Candlestick Confirmation: Wait for a 30-min close below $37.42 with solid bearish volume for entry.
📌 Confluence at $34.98: Strong support from previous price structure.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Confirm selling volume on breakdown below $37.42.
📉 Trailing Stop Strategy: Move SL to break-even ($37.42) once TP1 ($34.98) is hit.
💰 Partial Profit Booking Strategy:
✔ Book 50% profits at TP1 ($34.98), let rest ride to TP2 ($32.16).
✔ Adjust SL to entry after TP1 is reached to protect capital.
⚠️ Breakdown Failure Risk
❌ Avoid early entry; wait for confirmation.
❌ If price holds above $37.42 and reclaims trendline, setup invalidates.
🚨 Final Thoughts
✔ Bearish rejection and trendline break signal a possible reversal.
✔ Clean 2.18:1 R/R toward TP2 – attractive short opportunity.
✔ Stick to plan, wait for confirmation, and manage risk accordingly.
🔗 #HIMS #NYSE #ShortTrade #TrendlineBreak #SwingTrading #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.