🔍 Stock: HIMS (NYSE) ⏳ Timeframe: 30-Min Chart 📉 Setup Type: Bearish Breakdown 📍 Trade Plan: ✅ Entry Zone: Below $40.66 (Breakdown confirmation from ascending support) 🚀 Take Profit 1 (TP1): $38.25 (First Key Support) 🚀 Take Profit 2 (TP2): $34.70 (Extended Target if selling pressure continues) 🔻 Stop-Loss (SL): $42.88 (Above resistance to limit risk) 📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉📈 🔹 Technical Analysis & Setup: ✅ Pattern: Rising Wedge Breakdown 📈 → 📉 ✅ Resistance Zone: Strong seller presence around $40.66 - $42.88 ✅ Breakdown Confirmation Needed: Price should drop below $40.66 with strong volume ✅ Momentum Shift Expected: Breakdown signals a potential downtrend
🔥 Trade Strategy & Refinements: 📊 Volume Confirmation: Look for increased selling volume below $40.66 📉 📉 Trailing Stop Strategy: Once price reaches TP1 ($38.25), adjust SL lower to secure profits 💰 Partial Profit Booking: Take partial profits at $38.25 and let the rest ride toward $34.70+ ⚠️ Watch for Fake Breakdowns: If price rises back above $41.50, reconsider the setup 🚀 Final Thoughts: ✅ Bearish Breakdown Expected – High probability of continuation lower 📉 ✅ Strong Resistance at $40.66 - $42.88 – Ideal short entry for risk-reward optimization 💰 ✅ Momentum Shift Possible – A drop below $38.25 could accelerate downside move 🚀 📊 Trade Smart & Stick to Your Plan! 🏆🔥 🔗 #ShortTrade #StockTrading #HIMS #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath 🚀📉
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