ABSI (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown!

📉 🔻

🔍 Stock: ABSI (NASDAQ)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown
📍 Trade Plan:
✅ Entry Zone: Below $4.52 (Breakdown Confirmation)
🚀 Take Profit 1 (TP1): $4.17 (First Support)
🚀 Take Profit 2 (TP2): $3.72 (Extended Bearish Target)
🔻 Stop-Loss (SL): Above $4.96 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉

🔹 Technical Analysis & Setup:

✅ Pattern: Bearish Pennant Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $4.52 with strong selling volume
✅ Support Zones:
$4.17: First Key Support
$3.72: Extended Target if selling pressure continues
✅ Momentum Shift Expected: Breakdown could trigger further downside pressure 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $4.52 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($4.17), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $4.17 and let the rest ride toward $3.72+ 💵
⚠️ Fake Breakdown Risk: If price rebounds back above $4.52, reconsider entry ❌
🚀 Final Thoughts:

✅ Bearish Breakdown Expected – High probability of continuation lower 📉
✅ Strong Resistance at $4.96 – Ideal short entry for risk-reward optimization 💰
✅ Momentum Shift Possible – A drop below $4.17 could accelerate downside move 🚀

📊 Trade Smart & Stick to the Plan! 🏆🔥
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