Short Trade Setup – FTDR!

📉
🔹 Asset: Frontdoor, Inc. (NASDAQ: FTDR)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown

📌 Trade Plan (Short Position)
✅ Entry Zone: Below $52.98 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $54.52 (Wedge Invalidation)

🎯 Take Profit Targets
📌 TP1: $50.65 – Key Support / Breakdown Target
📌 TP2: $48.46 – Extended Downside Target

📊 Risk-Reward Calculation
📉 Risk: $54.52 - $52.98 = $1.54
📈 Reward to TP1: $52.98 - $50.65 = $2.33 → 1:1.51 R/R
📈 Reward to TP2: $52.98 - $48.46 = $4.52 → 1:2.93 R/R ✅

🔍 Technical Highlights
📌 Rising wedge structure with overextension
📌 Breakdown at wedge support with retest rejection (yellow line)
📌 Volume thinning at highs – suggests buyer exhaustion
📌 Momentum fading after sharp rally

📉 Execution Strategy
📊 Watch for breakdown continuation below $52.98
📉 Move SL to breakeven after TP1 hit
💰 Scale out partial profits at TP1, ride rest to TP2

🚨 Invalidation Risk
❌ Exit if price reclaims and closes above $54.52
❌ Weak breakdown = re-evaluate or stay out

🚀 Final Take
✔ Clean rising wedge breakdown setup
✔ Great risk-reward for disciplined short traders
✔ Stick to plan, manage size — let price action lead