Short Trade Setup – DAN!📉
🔹 Asset: Dana Incorporated (NYSE: DAN)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Trend Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $15.62 (Breakdown confirmation near wedge support)
✅ Stop-Loss (SL): Above $16.38 (Wedge invalidation / prior resistance)
🎯 Take Profit Targets
📌 TP1: $14.69 – Previous minor support
📌 TP2: $13.83 – Key support and breakout base
📊 Risk-Reward Calculation
📉 Risk: $16.38 - $15.62 = $0.76
📈 Reward to TP1: $15.62 - $14.69 = $0.93 → R/R = 1:1.22
📈 Reward to TP2: $15.62 - $13.83 = $1.79 → R/R = 1:2.35 ✅
🔍 Technical Highlights
📌 Rising wedge pattern nearing breakdown
📌 Slowing momentum with lower breakout volume
📌 Price testing yellow resistance with rejection
📌 Sharp trendline support—key for breakdown watch
📈 Execution Strategy
📊 Enter near $15.62 if breakdown confirms
📉 SL above $16.38 to protect from breakout trap
💰 TP1 at $14.69, TP2 near $13.83 for deeper move
🚨 Invalidation Risk
❌ Bullish close above $16.38 breaks bearish thesis
❌ Strong volume reversal = cancel trade
🚀 Final Take
✔ Reversal opportunity with favorable R:R
✔ Clean wedge breakdown setup
✔ Stay alert, manage risk — let trade prove itself
