DOMO (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown!

📉 DOMO (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown 🔻
🔍 Stock: DOMO (NASDAQ)
⏳ Timeframe: 30-Min Chart
📉 Setup Type: Bearish Breakdown

📍 Trade Plan:
✅ Entry Zone: Below $8.82 (Breakdown Confirmation)
🚀 Take Profit 1 (TP1): $8.41 (First Support)
🚀 Take Profit 2 (TP2): $8.01 (Extended Bearish Target)
🔻 Stop-Loss (SL): Above $9.24 (Key Resistance)
📊 Risk-Reward Ratio: Favorable for a bearish continuation 📉

🔹 Technical Analysis & Setup:
✅ Pattern: Rising Trendline Breakdown 📉
✅ Breakdown Confirmation Needed: Price dropping below $8.82 with strong selling volume
✅ Support Zones:

$8.41: First Key Support
$8.01: Extended Target if selling pressure continues
✅ Momentum Shift Expected: Breakdown could trigger further downside pressure 🚀

🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing selling volume below $8.82 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($8.41), adjust SL lower to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $8.41 and let the rest ride toward $8.01+ 💵
⚠️ Fake Breakdown Risk: If price rebounds back above $8.82, reconsider entry ❌

🚀 Final Thoughts:
✅ Bearish Breakdown Expected – High probability of continuation lower 📉
✅ Strong Resistance at $9.24 – Ideal short entry for risk-reward optimization 💰
✅ Momentum Shift Possible – A drop below $8.41 could accelerate downside move 🚀

📊 Trade Smart & Stick to the Plan! 🏆🔥

🔗 #ShortTrade #StockTrading #DOMO #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath 🚀📉

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