Short Trade Setup – KD!

📉
🔹 Asset: Kyndryl Holdings, Inc. (NYSE: KD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)

📌 Trade Plan (Short Position)
✅ Entry Zone: Around $39.08 (Near wedge resistance, possible rejection)
✅ Stop-Loss (SL): Above $40.24 (Wedge invalidation / breakout risk)

🎯 Take Profit Targets
📌 TP1: $37.63 – Nearest prior support
📌 TP2: $36.21 – Key support from previous base

📊 Risk-Reward Calculation
📉 Risk: $40.24 - $39.08 = $1.16
📈 Reward to TP1: $39.08 - $37.63 = $1.45 → R:R = 1:1.25
📈 Reward to TP2: $39.08 - $36.21 = $2.87 → R:R = 1:2.47 ✅

🔍 Technical Highlights
📌 Rising wedge nearing breakdown point
📌 Price rejected at yellow zone (overhead resistance)
📌 Trendline support (pink) tested multiple times
📌 Momentum weakening near breakout highs

📈 Execution Strategy
📊 Enter short near $39.08 on bearish confirmation
📉 SL above $40.24 to avoid trap breakouts
💰 TP1 at $37.63 for partial, let rest hit $36.21

🚨 Invalidation Risk
❌ Bullish breakout above $40.24 invalidates setup
❌ High volume breakout candle = exit trade

🚀 Final Take
✔ Bearish pattern in a sharp uptrend
✔ Favorable R:R with clear levels
✔ Great for disciplined short entries with SL control