GPCR – Short Trade Setup !📉 🔻
Ticker: Structure Therapeutics Inc. (NASDAQ: GPCR)
Chart: 30-Min Timeframe
Pattern: Rising wedge breakdown
🔹 Entry: $26.90 (break below rising wedge support)
🔹 Stop-Loss: $28.50 (above wedge resistance zone)
🔹 Take Profits:
TP1: $24.46 – Previous support
TP2: $21.89 – Measured breakdown target
⚖️ Risk-Reward Calculation:
– Risk/Share: $1.60
– Reward to TP2: $5.01
– R:R Ratio: ~1:3.1 ✅
🧠 Technical Highlights:
– Breakdown from rising wedge near resistance
– Bearish rejection from $28.50 zone
– Strong downside momentum with volume shift
