PDEX โ 30-Min Short Trade Setup!๐ ๐
๐น Asset: Pro-Dex, Inc. (PDEX)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bearish Breakdown Trade
๐ Trade Plan (Short Position)
โ
Entry Zone: Below $46.26 (Breakdown Confirmation)
โ
Stop-Loss (SL): Above $48.78 (Invalidation Level)
๐ฏ Take Profit Targets:
๐ TP1: $43.74 (First Support Level)
๐ TP2: $40.94 (Extended Bearish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $48.78 - $46.26 = $2.52 per share
๐ Reward to TP1: $46.26 - $43.74 = $2.52 (1:1 R/R)
๐ Reward to TP2: $46.26 - $40.94 = $5.32 (1:2.11 R/R)
๐ก Favorable Risk-Reward Setup โ Targeting a 1:2.11 R/R at TP2.
๐ Technical Analysis & Strategy
๐ Ascending Wedge Breakdown Setup โ Price breaking below trendline support.
๐ Weak Buying Pressure โ Sellers rejecting key levels near $46.26.
๐ Volume Confirmation Needed โ A strong sell volume spike below $46.26 confirms breakdown.
๐ Momentum Shift Expected โ Breakdown could lead to $43.74, then extend to $40.94.
๐ Key Resistance & Support Levels
๐ด $48.78 โ Stop-Loss / Resistance Level
๐ก $46.26 โ Breakdown Level / Short Entry
โช $43.74 โ First Target / TP1
๐ข $40.94 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation โ Ensure strong selling pressure before entry.
๐ Trailing Stop Strategy โ Move SL to breakeven ($46.26) after hitting TP1 ($43.74).
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $43.74, let the rest run to $40.94.
โ Adjust SL to breakeven ($46.26) after TP1 is hit.
โ ๏ธ Fake Breakdown Risk
โ If price moves back above $46.26, exit early to limit losses.
โ Wait for a strong bearish candle close below $46.26 before entering aggressively.
๐ Final Thoughts
โ Bearish Setup Confirmed โ Breakdown signals further downside potential.
โ Momentum Shift Expected โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:2.11 R/R at TP2 makes this a high-quality trade.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐ฅ
๐ ๐ฅ
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