Short Trade Idea: HOOD (Robinhood Markets, Inc.)

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📅 Timeframe: 30-Minute
💼 Type: Short Position
📉 Setup: Triangle breakdown + Resistance rejection

📍 Trade Details:
Entry: $92.33 (bearish rejection candle at resistance + lower trendline break)

Stop Loss: $95.33 (above local high & upper trendline)

Target 1: $89.47 (previous support level)

Target 2: $86.64 (mid-support zone)

Target 3: $83.89 (key horizontal support)

Extended Target: $81.66 (major support from breakout zone)

🔎 Technical Breakdown:
Price formed a rising wedge/triangle and broke the lower trendline

After rejecting $95+ zone, it failed to hold above yellow resistance line

Bearish engulfing + retest of broken support confirms downside pressure

Momentum fading after a strong uptrend – ideal for a reversal trade

🎯 Risk/Reward Outlook:
RR Ratio: Favorable (min 2:1+ depending on targets)

Good structure for tight risk and wide target zone