ATRO (Astronics Corporation) – 30-Min Short Trade Setup!📉 🚀
🔹 Asset: Astronics Corporation (ATRO)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $24.28 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $25.62 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $22.97 (First Support Level)
📌 TP2: $21.14 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $25.62 - $24.28 = $1.34 risk per unit
📈 Reward to TP1: $24.28 - $22.97 = $1.31 (1:0.98 R/R)
📈 Reward to TP2: $24.28 - $21.14 = $3.14 (1:2.34 R/R)
💡 Favorable Risk-Reward Ratio – Aiming for a 1:2.34 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Rising Wedge Breakdown – The stock formed a rising wedge and broke below support.
📌 Weak Buying Pressure – The stock has failed to push higher and is testing breakdown support at $24.28.
📌 Volume Confirmation Needed – Increased selling volume below $24.28 confirms momentum.
📌 Momentum Shift Expected – If the price remains below $24.28, it could decline toward $22.97, then $21.14.
📊 Key Resistance & Support Levels
🔴 $25.62 – Stop-Loss / Resistance Level
🟡 $24.28 – Breakdown Level / Short Entry
⚪ $22.97 – First Target / TP1
🟢 $21.14 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure below $24.28 before entering.
📉 Trailing Stop Strategy – Move SL to breakeven ($24.28) after hitting TP1 ($22.97).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $22.97, let the rest run to $21.14.
✔ Adjust SL to breakeven ($24.28) after TP1 is hit.
⚠️ Fake Breakdown Risk:
❌ If price moves back above $24.28, exit early to limit losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breakdown signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.34 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
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