STIM/USD – 30-Min Short Trade Setup !

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STIM/USD – 30-Min Short Trade Setup !Neuronetics, Inc.BATS:STIMProfittoPathπŸ“ŒπŸ“‰ πŸ”Ή Asset: Neuronetics, Inc. (STIM/USD) πŸ”Ή Timeframe: 30-Min Chart πŸ”Ή Setup Type: Bearish Breakdown Trade πŸ“Œ Trade Plan (Short Position) βœ… Entry Zone: Below $4.29 (Breakdown Confirmation) βœ… Stop-Loss (SL): Above $4.69 (Break of Resistance & Trendline) 🎯 Take Profit Targets πŸ“Œ TP1: $3.90 (First Support Level) πŸ“Œ TP2: $3.45 (Final Target – Extended Bearish Move) πŸ“Š Risk-Reward Ratio Calculation πŸ“‰ Risk (SL Distance): $4.69 - $4.29 = $0.40 risk per share πŸ“‰ Reward to TP1: $4.29 - $3.90 = $0.39 (1:0.97 R/R) πŸ“‰ Reward to TP2: $4.29 - $3.45 = $0.84 (1:2.1 R/R) πŸ” Technical Analysis & Strategy πŸ“Œ Bearish Trendline Rejection: STIM attempted a breakout but faced rejection at $4.29, indicating seller dominance. πŸ“Œ Descending Pattern Formation: The price formed a lower high, confirming potential downside momentum. πŸ“Œ Breakdown Confirmation: A strong bearish candle closing below $4.29 with increased volume will confirm the move. πŸ“Œ Momentum Shift Expected: If price stays below $4.29, a move toward $3.90 (TP1) and $3.45 (TP2) is likely. πŸ“Š Key Support & Resistance Levels πŸ”΄ $4.69 – Strong Resistance / Stop-Loss Level 🟑 $4.29 – Entry / Breakdown Level 🟒 $3.90 – First Support / TP1 🟒 $3.45 – Final Target / TP2 πŸ“‰ Trade Execution & Risk Management πŸ“Š Volume Confirmation: Ensure strong selling volume below $4.29 before entering. πŸ“ˆ Trailing Stop Strategy: Move SL to entry ($4.29) after TP1 ($3.90) is hit. πŸ’° Partial Profit Booking Strategy: βœ” Take 50% profits at $3.90, let the rest run to $3.45. βœ” Adjust Stop-Loss to Break-even ($4.29) after TP1 is reached. ⚠️ Fake Breakdown Risk ❌ If price bounces back above $4.29, it could indicate a false breakdownβ€”exit early. ❌ Wait for a strong bearish candle close below $4.29 for confirmation before entering aggressively. πŸš€ Final Thoughts βœ” Bearish Setup – Breaking below $4.29 could lead to lower targets. βœ” Momentum Shift Possible – Watch for volume confirmation. βœ” Favorable Risk-Reward Ratio – 1:0.97 to TP1, 1:2.1 to TP2. πŸ’‘ Stick to the plan, manage risk, and trade smart! πŸš€πŸ† πŸ”— #StockTrading #STIM #ShortTrade #BreakdownTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis πŸ“‰πŸš€