📊
🔹 Asset: Roblox Corporation (RBLX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakdown (Bearish)
🚀 Trade Plan (Short Position):
✅ Entry Zone: $65.14 - $65.00 (Breakdown Confirmation)
✅ Stop-Loss (SL): $66.92 (Above Resistance)
🎯 Take Profit Targets (Short Trade):
📌 TP1: $62.94 (First Support)
📌 TP2: $60.33 (Extended Bearish Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$65.14 - $66.92 = $1.78
📈 Reward to TP1:
$65.14 - $62.94 = $2.20
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$65.14 - $60.33 = $4.81
💰 Risk-Reward Ratio to TP2: 1:2.7
🔍 Technical Analysis & Strategy:
📌 Breakdown Confirmation: Wait for strong selling volume below $65.00 for a confirmed short entry.
📌 Pattern Formation: Symmetrical Triangle Breakdown, signaling a bearish continuation.
📊 Key Support & Resistance Levels:
🔴 $66.92 (Resistance / SL Level)
🔴 $65.14 - $65.00 (Breakdown Zone)
🟢 $62.94 (First Profit Target / Support)
🟢 $60.33 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price fails to reclaim $65.00 and continues lower, we could see a drop towards $62.94 and further to $60.33.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure selling volume increases below $65.00 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($62.94), move SL to $65.00 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $62.94, let the rest run to $60.33.
✔ Adjust Stop-Loss to Break-even ($65.00) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price reclaims $65.14 and moves back inside the triangle, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bearish Setup – If price sustains below $65.00, further downside is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #RBLX #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
🔹 Asset: Roblox Corporation (RBLX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakdown (Bearish)
🚀 Trade Plan (Short Position):
✅ Entry Zone: $65.14 - $65.00 (Breakdown Confirmation)
✅ Stop-Loss (SL): $66.92 (Above Resistance)
🎯 Take Profit Targets (Short Trade):
📌 TP1: $62.94 (First Support)
📌 TP2: $60.33 (Extended Bearish Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$65.14 - $66.92 = $1.78
📈 Reward to TP1:
$65.14 - $62.94 = $2.20
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$65.14 - $60.33 = $4.81
💰 Risk-Reward Ratio to TP2: 1:2.7
🔍 Technical Analysis & Strategy:
📌 Breakdown Confirmation: Wait for strong selling volume below $65.00 for a confirmed short entry.
📌 Pattern Formation: Symmetrical Triangle Breakdown, signaling a bearish continuation.
📊 Key Support & Resistance Levels:
🔴 $66.92 (Resistance / SL Level)
🔴 $65.14 - $65.00 (Breakdown Zone)
🟢 $62.94 (First Profit Target / Support)
🟢 $60.33 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price fails to reclaim $65.00 and continues lower, we could see a drop towards $62.94 and further to $60.33.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure selling volume increases below $65.00 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($62.94), move SL to $65.00 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $62.94, let the rest run to $60.33.
✔ Adjust Stop-Loss to Break-even ($65.00) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price reclaims $65.14 and moves back inside the triangle, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bearish Setup – If price sustains below $65.00, further downside is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #RBLX #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.