ON – ON Semiconductor Corporation – 30-Min Short Trade Setup !📉 🔻
🔹 Asset: ON (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Breakdown from Symmetrical Triangle + Trendline Breach
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $45.20 (breakdown from triangle and support zone)
✅ Stop-Loss (SL): Above $45.98 (failed breakout / pattern invalidation)
🎯 Take Profit Targets
📌 TP1: $44.27 – Previous demand / support zone
📌 TP2: $43.15 – Strong support and target zone (green level)
📊 Risk-Reward Ratio Calculation
📉 Risk:
$45.98 - $45.20 = $0.78 risk per share
📈 Reward to TP1:
$45.20 - $44.27 = $0.93 (1.19:1 R/R)
📈 Reward to TP2:
$45.20 - $43.15 = $2.05 (2.63:1 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakdown: Bearish breakout from consolidation pattern
📌 Lower Highs: Selling pressure increasing, indicating weakness
📌 Volume Watch: Breakdown candle volume confirmation adds edge
📌 Red Zone Flip: Support at yellow line now acting as resistance
⚙️ Trade Execution & Risk Management
📊 Entry Confirmation: 30-min candle close below $45.20
📉 SL Placement: Above recent highs / invalidation zone = $45.98
🔁 Trailing Stop Strategy:
✔ Move SL to breakeven at TP1
✔ Trail stop down toward $43.50 as price moves toward TP2
💰 Partial Profit Booking Strategy
✔ Book 50% profits at TP1 = $44.27
✔ Hold remainder toward TP2 = $43.15
✔ Protect profits by tightening SL on the way down
⚠️ Setup Invalid Conditions
❌ Close above $45.98 = pattern failed
❌ Lack of breakdown volume = avoid entry
🔻 Final Thoughts
✔ Breakdown from wedge + trendline breach = bearish confirmation
✔ Clean downside structure with solid 2.6:1 R/R
✔ High-probability short setup if support fails with volume
