TITN (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown !### **📉 TITN (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown 🔻**
🔍 **Stock:** TITN (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown
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### **📍 Trade Plan:**
✅ **Entry Zone:** Below **$18.60** (Breakdown Confirmation)
🚀 **Take Profit 1 (TP1):** **$17.85** (First Support)
🚀 **Take Profit 2 (TP2):** **$17.03** (Extended Bearish Target)
🔻 **Stop-Loss (SL):** **Above $19.47** (Key Resistance)
📊 **Risk-Reward Ratio:** Favorable for a bearish continuation 📉
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### **🔹 Technical Analysis & Setup:**
✅ **Pattern:** Rising Wedge Breakdown 📉
✅ **Breakdown Confirmation Needed:** Price dropping below **$18.60** with strong selling volume
✅ **Support Zones:**
- **$17.85:** First Key Support
- **$17.03:** Extended Target if selling pressure continues
✅ **Momentum Shift Expected:** Breakdown could trigger further downside pressure 🚀
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### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for increasing **selling volume below $18.60** 📉
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($17.85)**, adjust SL lower to secure profits 🛑
💰 **Partial Profit Booking:** Take partial profits at **$17.85** and let the rest ride toward **$17.03+** 💵
⚠️ **Fake Breakdown Risk:** If price rebounds **back above $18.60**, reconsider entry ❌
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### **🚀 Final Thoughts:**
✅ **Bearish Breakdown Expected** – High probability of **continuation lower** 📉
✅ **Strong Resistance at $19.47** – Ideal short entry for risk-reward optimization 💰
✅ **Momentum Shift Possible** – A **drop below $17.85** could accelerate downside move 🚀
📊 **Trade Smart & Stick to the Plan!** 🏆🔥
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