BAC – 30-Min Short Trade Setup!

📉 🚀
🔹 Asset: Bank of America (BAC)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade

📌 Trade Plan (Short Position)
✅ Entry Zone: Below $40.30 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $41.70 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: $38.67 (First Support Level)
📌 TP2: $36.75 (Extended Bearish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $41.70 - $40.30 = $1.40 risk per unit
📈 Reward to TP1: $40.30 - $38.67 = $1.63 (1:1.16 R/R)
📈 Reward to TP2: $40.30 - $36.75 = $3.55 (1:2.54 R/R)

💡 Favorable Risk-Reward Ratio – Aiming for a 1:2.54 R/R at TP2.

🔍 Technical Analysis & Strategy
📌 Bearish Trendline Breakdown – The price was rejected at the descending trendline.
📌 Weak Buying Pressure – Rejection at $40.30 suggests sellers are in control.
📌 Volume Confirmation Needed – Increased selling volume below $40.30 confirms momentum.
📌 Momentum Shift Expected – If price remains below $40.30, it could decline toward $38.67, then $36.75.

📊 Key Resistance & Support Levels
🔴 $41.70 – Stop-Loss / Resistance Level
🟡 $40.30 – Breakdown Level / Short Entry
⚪ $38.67 – First Target / TP1
🟢 $36.75 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure below $40.30 before entering.
📉 Trailing Stop Strategy – Move SL to breakeven ($40.30) after hitting TP1 ($38.67).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $38.67, let the rest run to $36.75.
✔ Adjust SL to breakeven ($40.30) after TP1 is hit.

⚠️ Fake Breakdown Risk:
❌ If price moves back above $40.30, exit early to limit losses.
❌ Wait for a strong bearish candle close before entering aggressively.

🚀 Final Thoughts
✔ Bearish Setup – Breakdown signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.54 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥

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