Short Trade Setup – BKV!📉
🔹 Asset: BKV Corporation (NYSE: BKV)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $22.35 (yellow line – wedge resistance / rejection)
❌ Stop-Loss (SL): Above $23.41 (white line – invalidation zone)
🎯 Take Profit Targets:
📌 TP1: $20.94 (red line – minor support)
📌 TP2: $19.22 (green line – key support zone)
📊 Risk-Reward
Risk: $23.41 - $22.35 = $1.06
Reward to TP1: $22.35 - $20.94 = $1.41 → R:R = 1:1.33 ✅
Reward to TP2: $22.35 - $19.22 = $3.13 → R:R = 1:2.95 ✅✅
🔍 Technical Highlights
Rising wedge pattern nearing breakdown
Price stalled at yellow zone (resistance zone)
Trendline (pink) tested and possibly broken
Weakening upside momentum after strong rally
🎯 Execution Strategy
🔽 Enter short near $22.35 upon bearish confirmation
⛔ SL above $23.41 to avoid breakout traps
💵 TP1 for partial profit, let remainder run to TP2
🚫 Invalidation Criteria
Bullish breakout with close above $23.41
Strong green candle on volume = exit short
✅ Summary
A classic rising wedge pattern signals potential reversal. Clean entry, clear stop, and strong reward levels make it ideal for a disciplined short trade setup.
