### 📍 **Trade Plan:** ✅ **Entry Zone:** $1.18 (Breakdown confirmation from the descending triangle) 🚀 **Take Profit 1 (TP1):** $1.11 (First Key Support) 🚀 **Take Profit 2 (TP2):** $1.04 (Extended Target if selling pressure continues) 🔻 **Stop-Loss (SL):** $1.24 (Above resistance to limit risk) 📊 **Risk-Reward Ratio:** Favorable for a bearish continuation 📉📈
### 🔹 **Technical Analysis & Setup:** ✅ **Pattern:** Bearish Breakdown from a Descending Triangle 📈 → 📉 ✅ **Resistance Zone:** Strong seller presence around $1.18 - $1.24 ✅ **Breakdown Confirmation Needed:** Price should drop below $1.18 with strong volume ✅ **Momentum Shift Expected:** Breakdown signals a potential downtrend
### 🔥 **Trade Strategy & Refinements:** 📊 **Volume Confirmation:** Look for increased selling volume below $1.18 📉 📉 **Trailing Stop Strategy:** Once price reaches TP1 ($1.11), adjust SL lower to secure profits 💰 **Partial Profit Booking:** Take partial profits at $1.11 and let the rest ride toward $1.04+ ⚠️ **Watch for Fake Breakdowns:** If price rises back above $1.20, reconsider the setup
### 🚀 **Final Thoughts:** ✅ **Bearish Breakdown Expected** – High probability of continuation lower 📉 ✅ **Strong Resistance at $1.18 - $1.24** – Ideal short entry for risk-reward optimization 💰 ✅ **Momentum Shift Possible** – A drop below $1.11 could accelerate downside move 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional insights? 🚀📉