FINV (FinVolution Group) – 30-Min Short Trade Setup !📉🚨
🔹 Asset: FINV – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Rising Wedge Pattern)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $10.65 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $11.27 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $10.05 (Support Level)
📌 TP2: $9.26 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$11.27 - $10.65 = $0.62 risk per share
📈 Reward to TP1:
$10.65 - $10.05 = $0.60 (1:0.97 R/R)
📈 Reward to TP2:
$10.65 - $9.26 = $1.39 (1:2.24 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is failing to break higher, signaling bearish momentum.
📌 Resistance at $11.27: A strong rejection level, confirming downward pressure.
📌 Volume Confirmation Needed: Look for above-average selling volume below $10.65 for validation.
📌 Support at $10.05: If this level is broken, expect further downside toward TP2.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $10.65 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($10.65) after hitting TP1 ($10.05).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($10.05), let the rest run toward TP2 ($9.26).
✔ Adjust Stop-Loss to Break-even ($10.65) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $10.65, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $10.65 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.24 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #FINV #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
