Short Trade Setup Breakdown for Roblox Corporation (RBLX) - 30!

📊
🔹 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! 🚀🏆

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