AAON (AAON Inc.) – 30-Min Short Trade Setup!📉 🚀
🔹 Asset: AAON Inc. (AAON)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $79.84 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $87.35 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $73.33 (First Support Level)
📌 TP2: $64.83 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $87.35 - $79.84 = $7.51 risk per unit
📈 Reward to TP1: $79.84 - $73.33 = $6.51 (1:0.87 R/R)
📈 Reward to TP2: $79.84 - $64.83 = $15.01 (1:2.00 R/R)
💡 Favorable Risk-Reward Setup – Aiming for a 1:2.00 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Rising Wedge Breakdown – Price has broken below an ascending support line.
📌 Weak Buying Pressure – Struggling to hold above $79.84, signaling seller dominance.
📌 Volume Confirmation Needed – Increased selling pressure below $79.84 will confirm the downside move.
📌 Momentum Shift Expected – Breakdown below $79.84 can push price to $73.33, then $64.83.
📊 Key Resistance & Support Levels
🔴 $87.35 – Stop-Loss / Resistance Level
🟡 $79.84 – Breakdown Level / Short Entry
⚪ $73.33 – First Target / TP1
🟢 $64.83 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure below $79.84 before entering.
📉 Trailing Stop Strategy – Move SL to breakeven ($79.84) after hitting TP1 ($73.33).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $73.33, let the rest run to $64.83.
✔ Adjust SL to breakeven ($79.84) after TP1 is hit.
⚠️ Fake Breakdown Risk:
❌ If price moves back above $79.84, exit early to limit losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breakdown signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.00 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
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