TITN (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown !### **📉 TITN (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown 🔻**
🔍 **Stock:** TITN (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown
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### **📍 Trade Plan:**
✅ **Entry Zone:** Below **$18.60** (Breakdown Confirmation)
🚀 **Take Profit 1 (TP1):** **$17.85** (First Support)
🚀 **Take Profit 2 (TP2):** **$17.03** (Extended Bearish Target)
🔻 **Stop-Loss (SL):** **Above $19.47** (Key Resistance)
📊 **Risk-Reward Ratio:** Favorable for a bearish continuation 📉
---
### **🔹 Technical Analysis & Setup:**
✅ **Pattern:** Rising Wedge Breakdown 📉
✅ **Breakdown Confirmation Needed:** Price dropping below **$18.60** with strong selling volume
✅ **Support Zones:**
- **$17.85:** First Key Support
- **$17.03:** Extended Target if selling pressure continues
✅ **Momentum Shift Expected:** Breakdown could trigger further downside pressure 🚀
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### **🔥 Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for increasing **selling volume below $18.60** 📉
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($17.85)**, adjust SL lower to secure profits 🛑
💰 **Partial Profit Booking:** Take partial profits at **$17.85** and let the rest ride toward **$17.03+** 💵
⚠️ **Fake Breakdown Risk:** If price rebounds **back above $18.60**, reconsider entry ❌
---
### **🚀 Final Thoughts:**
✅ **Bearish Breakdown Expected** – High probability of **continuation lower** 📉
✅ **Strong Resistance at $19.47** – Ideal short entry for risk-reward optimization 💰
✅ **Momentum Shift Possible** – A **drop below $17.85** could accelerate downside move 🚀
📊 **Trade Smart & Stick to the Plan!** 🏆🔥
🔗 **#ShortTrade #StockTrading #TITN #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath** 🚀📉
TITN trade ideas
$TITN can rise in the next daysContextual immersion trading strategy idea.
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $34.59;
stop-loss — $30.90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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TITN one to consider. Going long on break up. Process your way.
from Zacks:
Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs.
cup o machineryI been looking at this stock since for the past 5 or so days. The OBV was the first I noticed. With prices being steady with little range the OBV posted a higher low. After that the EMA 5 crossed the EMA 20 with the OBV moving up and upward momentum building shown by the RSI. I had trouble finding supply and resistance. Instead what I found was a cup formation. The blue indicates that momentarily prices passed 18.60 with huge volume behind it. Lastly the three flags. I don't know if this means anything but RSI, OBV, CMF all hit the price line with a positive movement. I predict that prices may rise to about 21 to 22 in a week or so, using the cup to get a rough estimate. The retrace R84.6 is high, but so is market volatility. good hunting.