GRBK – 30-Min Short Trade Setup!📉
🔹 Ticker: GRBK (NYSE)
🔹 Setup: Ascending Triangle Rejection + Breakdown Risk
🔸 Rejection Zone: ~$57.80 (yellow zone + trendline confluence)
📊 Trade Plan (Short Bias)
✅ Entry Range: $57.65–$57.85
✅ Stop Loss (SL): Above $59.54 (white resistance zone)
✅ Profit Zones:
• TP1: $55.10 (Post level retest)
• TP2: $53.40 (green structure support)
• TP3: $51.77 (major support base – orange zone)
📐 Risk-Reward View
• Bearish confluence at horizontal + trendline resistance
• Price stalling under supply zone
• Weak bullish momentum with signs of fading volume
• Key breakdown could unlock deeper downside potential
🔍 Technical Highlights
• Price rejected triangle resistance cleanly
• Bearish structure forming lower highs
• Tight range under rejection = breakout likely
⚙️ Trade Management Tips
• Trail stop loss after TP1
• Lock profits gradually into support zones
• Watch for volume drop below $55 for confirmation
⚠️ Setup Invalidation
❌ Break and hold above $59.54
❌ Strong bullish breakout with volume
❌ Price closing above trendline & horizontal resistance
