BLUE/USD – 30-Min Short Trade Setup!📌 📉
🔹 Asset: BLUE (Bluebird Bio, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $3.86 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $4.52 (Break of Resistance & Trendline)
🎯 Take Profit Targets:
📌 TP1: $3.16 (First Support Level)
📌 TP2: $2.42 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $4.52 - $3.86 = $0.66 risk per share
📉 Reward to TP1: $3.86 - $3.16 = $0.70 (1:1.06 R/R)
📉 Reward to TP2: $3.86 - $2.42 = $1.44 (1:2.18 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakdown: Price attempted to break out but faced strong resistance, signaling selling pressure.
📌 Bearish Momentum Building: A confirmed breakdown below $3.86 suggests downside movement.
📌 Breakdown Confirmation: A strong bearish candle closing below $3.86 with increased volume will confirm the move.
📌 Momentum Shift Expected: If price stays below $3.86, a move toward $3.16 (TP1) and $2.42 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $4.52 – Strong Resistance / Stop-Loss Level
🟡 $3.86 – Entry / Breakdown Level
🟢 $3.16 – First Support / TP1
🟢 $2.42 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $3.86 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($3.86) after TP1 ($3.16) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.16, let the rest run to $2.42.
✔ Adjust Stop-Loss to Break-even ($3.86) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price bounces back above $3.86, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $3.86 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $3.86 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.06 to TP1, 1:2.18 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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