CRSP – 30-Min Short Trade Setup !📉 🔻
🔹 Asset: CRISPR Therapeutics AG (CRSP – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Pennant Breakdown + Retest Rejection
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $31.30 (Confirmed Breakdown)
✅ Stop-Loss (SL): Above $33.58 (White Resistance Level)
🎯 Take Profit Targets:
📌 TP1: $28.56 (Mid-support zone)
📌 TP2: $25.61 (Key demand area)
📐 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$33.58 - $31.30 = $2.28 risk per share
📈 Reward to TP1:
$31.30 - $28.56 = $2.74 → R/R = 1:1.20
📈 Reward to TP2:
$31.30 - $25.61 = $5.69 → R/R = 1:2.49
🔍 Technical Analysis & Strategy
📌 Bearish Pennant Breakdown: Price broke the pattern and is now rejecting the yellow zone on a retest.
📌 Lower Highs + Breakdown Structure: Indicates weakness, confirming bearish bias.
📌 Support Levels Below: Room to fall towards multiple levels of structure.
📌 Volume Check: Look for continued weak volume on bounce to confirm lack of demand.
📉 Trade Execution & Risk Management
📊 Entry Trigger: Break and hold below $31.30 with weak bullish reaction.
📉 Trailing Stop Strategy: Move SL to breakeven once TP1 is hit.
💰 Partial Profit Booking:
✔ Close 50% position at $28.56
✔ Let remaining ride toward $25.61
✔ Adjust SL to breakeven after TP1
⚠️ Setup Invalidation
❌ Strong bullish reversal candle with volume above $33.58
❌ Consolidation above yellow zone after false breakdown
❌ Positive news or catalyst reversing trend
🚨 Final Thoughts
✔ Clean breakdown pattern with confluence resistance at $33.58
✔ Bearish trend intact with lower highs and breakdowns
✔ High probability setup with strong R/R potential
💡 Stick to the plan, manage risk, and let the chart do the talking.
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