SRI/USD – 30-Min Short Trade Setup !📌 🚀
🔹 Asset: SRI (Stoneridge, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $5.62 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $5.84 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $5.29 (First Support Level)
📌 TP2: $4.96 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $5.84 - $5.62 = $0.22 risk per share
📉 Reward to TP1: $5.62 - $5.29 = $0.33 (1:1.5 R/R)
📉 Reward to TP2: $5.62 - $4.96 = $0.66 (1:3 R/R)
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price has formed a rising wedge, a bearish pattern, and is showing weakness.
📌 Bearish Momentum Building: A breakdown below $5.62 with strong volume confirms the move.
📌 Volume Confirmation Needed: Ensure high selling volume when price breaks $5.62 to confirm downward momentum.
📌 Momentum Shift Expected: If the price drops below $5.62, a move toward $5.29 and then $4.96 is likely.
📊 Key Support & Resistance Levels
🔴 $5.84 – Stop-Loss / Resistance Level
🟡 $5.62 – Breakdown Level / Short Entry
🟢 $5.29 – First Support / TP1
🟢 $4.96 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high selling volume below $5.62 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($5.62) after TP1 ($5.29) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $5.29, let the rest run toward $4.96.
✔ Adjust Stop-Loss to Break-even ($5.62) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If the price fails to hold below $5.62 and bounces back, exit early to avoid losses.
❌ Wait for a strong bearish candle close below $5.62 before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $5.62 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
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