CIVI (Civitas Resources) – 30-Min Short Trade Setup !
📉🚀
🔹 Asset: Civitas Resources (CIVI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $32.99 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $35.02 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.82 (First Support Level)
📌 TP2: $28.11 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $35.02 - $32.99 = $2.03 per unit
📈 Reward to TP1: $32.99 - $30.82 = $2.17 (1:1.06 R/R)
📈 Reward to TP2: $32.99 - $28.11 = $4.88 (1:2.40 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.40 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Symmetrical Triangle Breakdown – Price broke below the trendline, indicating further downside potential.
📌 Weak Buying Pressure – Struggling to hold above $32.99, signaling seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below $32.99 confirms momentum shift.
📌 Momentum Shift Expected – Breakdown could lead to $30.82, then extend to $28.11.
📊 Key Resistance & Support Levels
🔴 $35.02 – Stop-Loss / Resistance Level
🟡 $32.99 – Breakdown Level / Short Entry
⚪ $30.82 – First Target / TP1
🟢 $28.11 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($32.99) after hitting TP1 ($30.82).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.82, let the rest run to $28.11.
✔ Adjust SL to breakeven ($32.99) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $32.99, exit early to limit losses.
❌ Wait for a strong bearish candle close below $32.99 before an aggressive entry.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.40 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 #ProfittoPath 🏆 | #TechnicalAnalysis 📉 | #SmartTrading 💰 | #ShortTrade 📊 | #RiskManagement ⚠️
🔹 Asset: Civitas Resources (CIVI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $32.99 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $35.02 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.82 (First Support Level)
📌 TP2: $28.11 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $35.02 - $32.99 = $2.03 per unit
📈 Reward to TP1: $32.99 - $30.82 = $2.17 (1:1.06 R/R)
📈 Reward to TP2: $32.99 - $28.11 = $4.88 (1:2.40 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.40 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Symmetrical Triangle Breakdown – Price broke below the trendline, indicating further downside potential.
📌 Weak Buying Pressure – Struggling to hold above $32.99, signaling seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below $32.99 confirms momentum shift.
📌 Momentum Shift Expected – Breakdown could lead to $30.82, then extend to $28.11.
📊 Key Resistance & Support Levels
🔴 $35.02 – Stop-Loss / Resistance Level
🟡 $32.99 – Breakdown Level / Short Entry
⚪ $30.82 – First Target / TP1
🟢 $28.11 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($32.99) after hitting TP1 ($30.82).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.82, let the rest run to $28.11.
✔ Adjust SL to breakeven ($32.99) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $32.99, exit early to limit losses.
❌ Wait for a strong bearish candle close below $32.99 before an aggressive entry.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.40 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 #ProfittoPath 🏆 | #TechnicalAnalysis 📉 | #SmartTrading 💰 | #ShortTrade 📊 | #RiskManagement ⚠️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.