BEAM – 30-Min Short Trade Setup!📉
🔹 Ticker: BEAM (NASDAQ)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Price: ~$18.48
📊 Trade Plan (Short Position)
✅ Entry Zone: $18.40–$18.55 (yellow zone rejection)
✅ Stop Loss (SL): Above $19.83 (white resistance zone)
✅ Take Profit Targets:
📌 TP1: $17.14 (red zone – minor support)
📌 TP2: $15.11 (green zone – major support)
📐 Risk-Reward Analysis
📉 Risk:
$19.83 - $18.48 = $1.35
📈 Reward to TP1:
$18.48 - $17.14 = $1.34 → 0.99:1 R/R
📈 Reward to TP2:
$18.48 - $15.11 = $3.37 → 2.5:1 R/R
🔍 Technical Highlights
Breakdown from rising wedge support
Rejected from previous resistance zone
Price lost structure and closed below trendline
Potential momentum building for downside move
⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to entry
– Lock in 50% profit
📉 Let the rest ride to TP2 with trailing SL
⚠️ Setup Invalidation
❌ Price breaks back above $19.83
❌ Bullish breakout with strong volume
❌ Failure to hold below wedge base