Short Trade Setup – HIMS!

📉
🔹 Asset: Hims & Hers Health, Inc. (NYSE: HIMS)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown

📌 Trade Plan (Short Position)
✅ Entry Zone: Below $49.49 (Breakdown confirmation)
✅ Stop-Loss (SL): Above $54.16 (Invalidation / top of wedge)

🎯 Take Profit Targets:
📌 TP1: $44.21 – Minor support
📌 TP2: $38.43 – Measured move target

📊 Risk-Reward Calculation
📉 Risk: $54.16 - $49.49 = $4.67
📈 Reward to TP1: $49.49 - $44.21 = $5.28 → 1:1.1 R/R
📈 Reward to TP2: $49.49 - $38.43 = $11.06 → 1:2.37 R/R ✅

🔍 Technical Highlights:
📌 Clean rising wedge pattern
📌 Bearish rejection from yellow zone
📌 Breakdown with retest at trendline
📌 Price struggling to stay above breakout highs

📉 Execution Strategy:
📊 Wait for solid breakdown candle below $49.49
📉 Move stop to breakeven after TP1
💰 Book partial profits at TP1, let rest run to TP2

🚨 Invalidation Risk:
❌ Exit if price pushes above $54.16
❌ Confirm breakdown with volume for clean entry

🚀 Final Take
✔ Rising wedge breakdown confirmed
✔ Bearish setup with good R:R
✔ Trade smart, manage risk — and execute with discipline