Short Trade Setup – AEVA!📉
🔹 Asset: Aeva Technologies, Inc. (NASDAQ: AEVA)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $9.19 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.72 (Wedge Invalidation Level)
🎯 Take Profit Targets
📌 TP1: $8.46 – Near-term Support Level
📌 TP2: $7.83 – Prior consolidation support
📊 Risk-Reward Calculation
📉 Risk: $9.72 - $9.19 = $0.53
📈 Reward to TP1: $9.19 - $8.46 = $0.73 → 1:1.38 R/R
📈 Reward to TP2: $9.19 - $7.83 = $1.36 → 1:2.56 R/R ✅
🔍 Technical Highlights
📌 Rising wedge pattern visible, now broken
📌 Breakdown occurred near psychological resistance ($10 zone)
📌 Retest rejected from breakdown zone (yellow level)
📌 Bearish divergence possible after extended rally
📉 Execution Strategy
📊 Wait for solid bearish candle under $9.19
📉 Trail SL to breakeven after TP1 hit
💰 Lock partial gains at TP1, let rest ride to TP2
🚨 Invalidation Risk
❌ Exit if price closes above $9.72
❌ Confirm breakdown with volume and price action
🚀 Final Take
✔ Rising wedge breakdown suggests bearish potential
✔ Attractive risk-reward profile
✔ Stick to the trade plan, manage emotions and risk
