$TASI | Bearish Retracement Play After Reaching Key TA Targets

TASI | Bearish Retracement Play After Reaching Key Technical Targets

📉 Trade Setup:
I have entered a short position on TASI based on fundamental analysis (FA), anticipating upcoming challenges in the financial system, which could pressure the stock market globally. Additionally, from a technical standpoint, the index has already met its key targets from $10K to $12.8K, signaling a potential retracement.

Trade Details:

🔹 Entry: 12,500
🔹 Stop Loss (SL): 12,550
🔹 Take Profit (TP) Levels:
• TP1 (30%) → 11,590
• TP2 (20%) → 11,325
• TP3 (20%) → 10,990
• TP4 (30%) → 10,030

Technical & Fundamental Outlook:
• The market has extended significantly from $10K to $12.8K, reaching exhaustion zones.
• Economic uncertainty and potential systemic challenges could trigger a market correction.
• Expecting TASI to retrace and mirror the prior upward move.

📊 Risk Management:
• Tight SL at 12,550 ensures controlled risk.
• Profit-taking at multiple levels to lock in gains progressively.

📝 Thoughts? Drop your insights below! 🚀📉