If this plays out I will ride off into the sunsetLooks like it just entered spring. My doubts on CRYPTOCAP:BTC and the SCAM NASDAQ:MSTR only add fire to my conviction. Let's see...
SMST trade ideas
SMST/USD – 30-Min Short Trade Setup !📌 📉
🔹 Asset: SMST (Defiance Daily Target 2X Short MSTR ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $8.10 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.03 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $7.35 (First Support Level)
📌 TP2: $6.47 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $9.03 - $8.10 = $0.93 risk per share
📉 Reward to TP1: $8.10 - $7.35 = $0.75 (1:0.81 R/R)
📉 Reward to TP2: $8.10 - $6.47 = $1.63 (1:1.75 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price attempted to break out but faced resistance around $8.18, indicating seller dominance.
📌 Bearish Reversal Signal: The trendline is breaking, showing potential downside pressure.
📌 Breakdown Confirmation: A strong bearish candle closing below $8.10 with increased volume will confirm the move.
📌 Momentum Shift Expected: If the price stays below $8.10, a move toward $7.35 (TP1) and $6.47 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $9.03 – Strong Resistance / Stop-Loss Level
🟡 $8.10 – Entry / Breakdown Level
🟢 $7.35 – First Support / TP1
🟢 $6.47 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $8.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.10) after TP1 ($7.35) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $7.35, let the rest run to $6.47.
✔ Adjust Stop-Loss to Break-even ($8.10) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price bounces back above $8.10, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $8.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $8.10 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.81 to TP1, 1:1.75 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SMST #ShortTrade #BreakdownTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📉🚀
Bearish Trade Setup for SMST Thursday!
📍 Entry (Short): $8.33
🛑 Stop Loss (SL): $8.93
🎯 Target 1 (T1): $7.61
🎯 Target 2 (T2): $6.74
📉 Pattern: Rising wedge indicating a potential bearish breakdown.
⚠️ Note: Watch for breakdown confirmation with increased volume before entry.
This reflects the bearish nature of the trade. Let me know if you'd like to refine it further! 📊
