STIM/USD – 30-Min Short Trade Setup !📌📉
🔹 Asset: Neuronetics, Inc. (STIM/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $4.29 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $4.69 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $3.90 (First Support Level)
📌 TP2: $3.45 (Final Target – Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $4.69 - $4.29 = $0.40 risk per share
📉 Reward to TP1: $4.29 - $3.90 = $0.39 (1:0.97 R/R)
📉 Reward to TP2: $4.29 - $3.45 = $0.84 (1:2.1 R/R)
🔍 Technical Analysis & Strategy
📌 Bearish Trendline Rejection: STIM attempted a breakout but faced rejection at $4.29, indicating seller dominance.
📌 Descending Pattern Formation: The price formed a lower high, confirming potential downside momentum.
📌 Breakdown Confirmation: A strong bearish candle closing below $4.29 with increased volume will confirm the move.
📌 Momentum Shift Expected: If price stays below $4.29, a move toward $3.90 (TP1) and $3.45 (TP2) is likely.
📊 Key Support & Resistance Levels
🔴 $4.69 – Strong Resistance / Stop-Loss Level
🟡 $4.29 – Entry / Breakdown Level
🟢 $3.90 – First Support / TP1
🟢 $3.45 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $4.29 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($4.29) after TP1 ($3.90) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.90, let the rest run to $3.45.
✔ Adjust Stop-Loss to Break-even ($4.29) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price bounces back above $4.29, it could indicate a false breakdown—exit early.
❌ Wait for a strong bearish candle close below $4.29 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $4.29 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.97 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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