NextDecade Corporation (NEXT) – 30-Min Short Trade Setup !
📉🚨
🔹 Asset: NextDecade Corporation (NEXT – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Break Breakdown & Rejection at Resistance
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $9.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.78 (Trendline & Resistance Confluence)
🎯 Take Profit Target:
📌 TP1: $9.01 (Key Support Zone)
📌 TP2: $8.48 (Prior Consolidation Zone)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$9.78 - $9.42 = $0.36 risk per share
📈 Reward to TP1:
$9.42 - $9.01 = $0.41 (1:1.13 R/R)
📈 Reward to TP2:
$9.42 - $8.48 = $0.94 (1:2.61 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is testing support trendline, potentially failing breakout attempt.
📌 Rejection at $9.78: Multiple rejections near resistance zone signal seller strength.
📌 Bearish Candlestick Confirmation: Wait for 30-min candle close below $9.42 with volume.
📌 Break of Structure Below $9.01: Opens door to deeper pullback toward $8.48.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Look for increasing sell volume under $9.42.
📉 Trailing Stop Strategy: Move SL to $9.42 (entry) after TP1 ($9.01) is reached.
💰 Partial Profit Booking Strategy:
✔ Take 50% off at TP1 ($9.01), let rest run to TP2 ($8.48).
✔ Adjust SL to break-even ($9.42) after TP1 is hit.
⚠️ Breakdown Failure Risk
❌ If price bounces back above $9.42 with strength, exit early.
❌ No entry unless candle closes below trendline.
🚨 Final Thoughts
✔ Clean short setup – Breakdown of ascending support
✔ Good R/R potential toward TP2
✔ Be patient – Confirm volume & close below $9.42 before entry
🔗 #NEXT #NASDAQ #ShortTrade #SwingTrading #ProfittoPath 📉📊
🔹 Asset: NextDecade Corporation (NEXT – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Break Breakdown & Rejection at Resistance
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $9.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.78 (Trendline & Resistance Confluence)
🎯 Take Profit Target:
📌 TP1: $9.01 (Key Support Zone)
📌 TP2: $8.48 (Prior Consolidation Zone)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$9.78 - $9.42 = $0.36 risk per share
📈 Reward to TP1:
$9.42 - $9.01 = $0.41 (1:1.13 R/R)
📈 Reward to TP2:
$9.42 - $8.48 = $0.94 (1:2.61 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is testing support trendline, potentially failing breakout attempt.
📌 Rejection at $9.78: Multiple rejections near resistance zone signal seller strength.
📌 Bearish Candlestick Confirmation: Wait for 30-min candle close below $9.42 with volume.
📌 Break of Structure Below $9.01: Opens door to deeper pullback toward $8.48.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Look for increasing sell volume under $9.42.
📉 Trailing Stop Strategy: Move SL to $9.42 (entry) after TP1 ($9.01) is reached.
💰 Partial Profit Booking Strategy:
✔ Take 50% off at TP1 ($9.01), let rest run to TP2 ($8.48).
✔ Adjust SL to break-even ($9.42) after TP1 is hit.
⚠️ Breakdown Failure Risk
❌ If price bounces back above $9.42 with strength, exit early.
❌ No entry unless candle closes below trendline.
🚨 Final Thoughts
✔ Clean short setup – Breakdown of ascending support
✔ Good R/R potential toward TP2
✔ Be patient – Confirm volume & close below $9.42 before entry
🔗 #NEXT #NASDAQ #ShortTrade #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.