IBTA (Ibotta, Inc.) – 30-Min Short Trade Setup!

📉 🚀
🔹 Asset: Ibotta, Inc. (IBTA)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade

📌 Trade Plan (Short Position)
✅ Entry Zone: Below $39.00 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $40.51 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: $37.46 (First Support Level)
📌 TP2: $34.90 (Extended Bearish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $40.51 - $39.00 = $1.51 per unit
📈 Reward to TP1: $39.00 - $37.46 = $1.54 (1:1.02 R/R)
📈 Reward to TP2: $39.00 - $34.90 = $4.10 (1:2.71 R/R)

💡 Favorable Risk-Reward Setup – Targeting a 1:2.71 R/R at TP2.

🔍 Technical Analysis & Strategy
📌 Bearish Rising Wedge Breakdown – Price broke below ascending support, indicating weakness.
📌 Weak Buying Pressure – Price struggling to hold above $39.00, showing seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below $39.00 confirms momentum shift.
📌 Momentum Shift Expected – Breakdown could lead to $37.46, then extend to $34.90.

📊 Key Resistance & Support Levels
🔴 $40.51 – Stop-Loss / Resistance Level
🟡 $39.00 – Breakdown Level / Short Entry
⚪ $37.46 – First Target / TP1
🟢 $34.90 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($39.00) after hitting TP1 ($37.46).

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $37.46, let the rest run to $34.90.
✔ Adjust SL to breakeven ($39.00) after TP1 is hit.

⚠️ Fake Breakdown Risk
❌ If price moves back above $39.00, exit early to limit losses.
❌ Wait for a strong bearish candle close below $39.00 before an aggressive entry.

🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.71 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥

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