PLTR (NASDAQ) - 30-Min Chart Short Trade Setup !

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🔍 Stock: PLTR (NASDAQ)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown

📍 Trade Plan:
✅ Entry Zone: Below $111.00 - $110.50 (Breakdown Confirmation)
🔻 Take Profit 1 (TP1): $106.90 (First Support)
🔻 Take Profit 2 (TP2): $100.52 (Extended Bearish Target)
🚀 Stop-Loss (SL): Above $116.47 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉

🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakdown 📉
✅ Breakdown Confirmation Needed: Price falling below $111.00 with volume support
✅ Support Zones:

$106.90: First Major Support
$100.52: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakdown could trigger a strong sell-off 🚨
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $111.00 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($106.90), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $106.90 and let the rest ride toward $100.52+ 💵
⚠️ Fake Breakdown Risk: If price moves back above $111.00, reconsider entry ❌

🚀 Final Thoughts:
✅ Bearish Breakdown Potential – High probability of continuation lower 📉
✅ Momentum Shift Possible – A move below $106.90 could accelerate the downside 🚨
✅ Strong Risk-Reward Setup – SL at $116.47, TP at $106.90 - $100.52 for optimal gains

📊 Trade Smart & Stick to the Plan! 🏆🔥

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