AG (First Majestic Silver Corp) – 30-Min Short Trade Setup !📉🚨
🔹 Asset: AG – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Ascending Triangle Failure)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $7.20 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $7.50 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $7.00 (Support Level)
📌 TP2: $6.42 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$7.50 - $7.20 = $0.30 risk per share
📈 Reward to TP1:
$7.20 - $7.00 = $0.20 (1:0.67 R/R)
📈 Reward to TP2:
$7.20 - $6.42 = $0.78 (1:2.6 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Failure: The price is losing momentum, failing to break out higher, indicating a bearish shift.
📌 Resistance at $7.50: A key level acting as a rejection zone.
📌 Support at $7.00: A break below this increases bearish pressure.
📌 Volume Confirmation Needed: Look for increasing selling volume below $7.20 for confirmation.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $7.20 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($7.20) after hitting TP1 ($7.00).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($7.00), let the rest run toward TP2 ($6.42).
✔ Adjust Stop-Loss to Break-even ($7.20) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $7.20, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $7.20 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.6 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #AG #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
