Short Trade Setup – NU Holdings (NU)!

🔻
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)

📝 Trade Plan
📌 Entry: ~$13.49 (Breakdown confirmation from rising wedge)

🛑 Stop-Loss (SL): $13.82 (Above wedge resistance / invalidation zone)

🎯 Take Profit Targets:

TP1: $13.09 (support zone – red line)

TP2: $12.59 (major support – green line)

📊 Risk-Reward Calculation
Risk: $13.82 - $13.49 = $0.33

Reward to TP1: $13.49 - $13.09 = $0.40

Reward to TP2: $13.49 - $12.59 = $0.90

➡️ Risk-Reward Ratios:

To TP1: ~1:1.21

To TP2: ~1:2.72

🔍 Key Technical Zones
🔻 Entry: Breakdown at $13.49

🛑 SL: $13.82 (wedge invalidation)

🟥 TP1: $13.09 (prior demand)

🟩 TP2: $12.59 (strong support base)

✅ Setup Summary
Clean wedge breakdown pattern

Tight stop-loss above recent highs

Excellent risk-reward profile, especially toward TP2

Watch for volume confirmation and market sentiment