TSLQ/USD – 30-Min Short Trade Setup!📌 📉
🔹 Asset: TSLQ (Tradr 2X Short TSLA Daily ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $41.50 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $44.73 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $38.79 (First Support Level)
📌 TP2: $35.75 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $44.73 - $41.50 = $3.23 risk per share
📉 Reward to TP1: $41.50 - $38.79 = $2.71 (1:0.83 R/R)
📉 Reward to TP2: $41.50 - $35.75 = $5.75 (1:1.78 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price attempted to break out but faced resistance around $41.74, indicating seller dominance.
📌 Bearish Reversal Signal: The trendline is breaking, showing potential downside pressure.
📌 Breakdown Confirmation: A strong bearish candle closing below $41.50 with increased volume will confirm the move.
📌 Momentum Shift Expected: If the price stays below $41.50, a move toward $38.79 (TP1) and $35.75 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $44.73 – Strong Resistance / Stop-Loss Level
🟡 $41.50 – Entry / Breakdown Level
🟢 $38.79 – First Support / TP1
🟢 $35.75 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $41.50 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($41.50) after TP1 ($38.79) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $38.79, let the rest run to $35.75.
✔ Adjust Stop-Loss to Break-even ($41.50) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price bounces back above $41.50, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $41.50 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $41.50 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.83 to TP1, 1:1.78 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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