CIVI (Civitas Resources) – 30-Min Short Trade Setup !📉🚀
🔹 Asset: Civitas Resources (CIVI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $32.99 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $35.02 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.82 (First Support Level)
📌 TP2: $28.11 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $35.02 - $32.99 = $2.03 per unit
📈 Reward to TP1: $32.99 - $30.82 = $2.17 (1:1.06 R/R)
📈 Reward to TP2: $32.99 - $28.11 = $4.88 (1:2.40 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.40 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Symmetrical Triangle Breakdown – Price broke below the trendline, indicating further downside potential.
📌 Weak Buying Pressure – Struggling to hold above $32.99, signaling seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below $32.99 confirms momentum shift.
📌 Momentum Shift Expected – Breakdown could lead to $30.82, then extend to $28.11.
📊 Key Resistance & Support Levels
🔴 $35.02 – Stop-Loss / Resistance Level
🟡 $32.99 – Breakdown Level / Short Entry
⚪ $30.82 – First Target / TP1
🟢 $28.11 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($32.99) after hitting TP1 ($30.82).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.82, let the rest run to $28.11.
✔ Adjust SL to breakeven ($32.99) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above $32.99, exit early to limit losses.
❌ Wait for a strong bearish candle close below $32.99 before an aggressive entry.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.40 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 #ProfittoPath 🏆 | #TechnicalAnalysis 📉 | #SmartTrading 💰 | #ShortTrade 📊 | #RiskManagement ⚠️
