TRML – 30-Min Short Trade Setup!📉 🚀
🔹 Asset: Tourmaline Bio, Inc. (TRML)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $16.26 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $17.16 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $15.23 (First Support Level)
📌 TP2: $13.90 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $17.16 - $16.26 = $0.90 per share
📈 Reward to TP1: $16.26 - $15.23 = $1.03 (1:1.14 R/R)
📈 Reward to TP2: $16.26 - $13.90 = $2.36 (1:2.62 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.62 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown Setup – Price breaking below key trendline support.
📌 Weak Buying Pressure – Buyers failing to push above $16.26, signaling seller control.
📌 Volume Confirmation Needed – A strong sell volume spike below $16.26 confirms bearish momentum.
📌 Momentum Shift Expected – Breakdown could lead to $15.23, then extend to $13.90.
📊 Key Resistance & Support Levels
🔴 $17.16 – Stop-Loss / Resistance Level
🟡 $16.26 – Breakdown Level / Short Entry
⚪ $15.23 – First Target / TP1
🟢 $13.90 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($16.26) after hitting TP1 ($15.23).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $15.23, let the rest run to $13.90.
✔ Adjust SL to breakeven ($16.26) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $16.26, exit early to limit losses.
❌ Wait for a strong bearish candle close below $16.26 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.62 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 🔥
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