Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish Momentum

Oct 18

Technical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade)

Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move.

Key Levels

• Entry: 46.84 – The short trade was initiated after identifying bearish momentum.
  
• Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals.
  
• Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup.
  
• Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues.
  
• Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong.
  
• Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move.
  

Trend Analysis
The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential.

The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.