Hims & Hers Health, Inc. (HIMS) – 30-Min Short Trade Setup !📉🚨
🔹 Asset: HIMS – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Trendline Breakdown & Rejection at Resistance
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $37.42 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $39.83 (Double Resistance & False Breakout Zone)
🎯 Take Profit Targets:
📌 TP1: $34.98 (Major Support Zone)
📌 TP2: $32.16 (Previous Demand/Consolidation Area)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$39.83 - $37.42 = $2.41 risk per share
📈 Reward to TP1:
$37.42 - $34.98 = $2.44 (1.01:1 R/R)
📈 Reward to TP2:
$37.42 - $32.16 = $5.26 (2.18:1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Breakdown Setup: Price broke below a sharp rising trendline after rejection near horizontal resistance.
📌 Bearish Rejection at $38.00–$39.83: Strong seller zone with historical resistance.
📌 Bearish Candlestick Confirmation: Wait for a 30-min close below $37.42 with solid bearish volume for entry.
📌 Confluence at $34.98: Strong support from previous price structure.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Confirm selling volume on breakdown below $37.42.
📉 Trailing Stop Strategy: Move SL to break-even ($37.42) once TP1 ($34.98) is hit.
💰 Partial Profit Booking Strategy:
✔ Book 50% profits at TP1 ($34.98), let rest ride to TP2 ($32.16).
✔ Adjust SL to entry after TP1 is reached to protect capital.
⚠️ Breakdown Failure Risk
❌ Avoid early entry; wait for confirmation.
❌ If price holds above $37.42 and reclaims trendline, setup invalidates.
🚨 Final Thoughts
✔ Bearish rejection and trendline break signal a possible reversal.
✔ Clean 2.18:1 R/R toward TP2 – attractive short opportunity.
✔ Stick to plan, wait for confirmation, and manage risk accordingly.
🔗 #HIMS #NYSE #ShortTrade #TrendlineBreak #SwingTrading #ProfittoPath 📉📊
