ATN International, Inc. (ATNI) – 30-Min Short Trade Setup!📌 🚀
🔹 Asset: ATN International, Inc. (ATNI – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $23.12 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $23.85 (Key Resistance Level)
🎯 Take Profit Targets:
📌 TP1: $22.01 (First Support Level)
📌 TP2: $20.76 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$23.12 - $23.85 = $0.73 risk per share
📈 Reward to TP1:
$23.12 - $22.01 = $1.11 (1:1.52 R/R)
📈 Reward to TP2:
$23.12 - $20.76 = $2.36 (1:3.23 R/R)
✅ Good Risk-Reward Ratio – A solid short trade setup!
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is breaking below the wedge pattern, indicating bearish momentum.
📌 Key Support at $22.01: A breakdown through this level opens the way to TP2.
📌 Volume Confirmation Needed: Ensure above-average selling volume below $23.12 to validate the breakdown.
📌 Resistance at $23.85: A move above this invalidates the trade setup.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bearish volume below $23.12 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($23.12) after TP1 ($22.01) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($22.01), let the rest run toward $20.76 (TP2).
✔ Adjust Stop-Loss to Break-even ($23.12) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price fails to stay below $23.12, exit early.
❌ Wait for a 30-min candle close below the breakdown level before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.23 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #ATNI #NASDAQ #ShortTrade #TradingView #ProfittoPath 💰📊
