ESTA/USD – 30-Min Short Trade Setup !📌 🚀
🔹 Asset: ESTA (Establishment Labs Holdings Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $42.92 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $45.36 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $40.41 (First Support Level)
📌 TP2: $37.69 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $45.36 - $42.92 = $2.44 risk per share
📉 Reward to TP1: $42.92 - $40.41 = $2.51 (1:1 R/R)
📉 Reward to TP2: $42.92 - $37.69 = $5.23 (1:2.1 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price has broken below a rising wedge, signaling a bearish move.
📌 Loss of Momentum: The stock is struggling to hold above $42.92, indicating weakness.
📌 Volume Confirmation Needed: Ensure high selling volume below $42.92 to confirm the short entry.
📌 Momentum Shift Expected: If price drops below $42.92, it may test $40.41 and then $37.69.
📊 Key Support & Resistance Levels
🔴 $45.36 – Stop-Loss / Resistance Level
🟡 $42.92 – Breakdown Level / Short Entry
🟢 $40.41 – First Support / TP1
🟢 $37.69 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high selling volume below $42.92 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($42.92) after TP1 ($40.41) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $40.41, let the rest run toward $37.69.
✔ Adjust Stop-Loss to Break-even ($42.92) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price fails to hold below $42.92 and bounces back, exit early to avoid losses.
❌ Wait for a strong bearish candle close below $42.92 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $42.92 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
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