Titan Machinery Inc.
Short

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

### **πŸ“‰ TITN (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown πŸ”»**

πŸ” **Stock:** TITN (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
πŸ“‰ **Setup Type:** Bearish Breakdown

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### **πŸ“ Trade Plan:**
βœ… **Entry Zone:** Below **$18.60** (Breakdown Confirmation)
πŸš€ **Take Profit 1 (TP1):** **$17.85** (First Support)
πŸš€ **Take Profit 2 (TP2):** **$17.03** (Extended Bearish Target)
πŸ”» **Stop-Loss (SL):** **Above $19.47** (Key Resistance)
πŸ“Š **Risk-Reward Ratio:** Favorable for a bearish continuation πŸ“‰

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### **πŸ”Ή Technical Analysis & Setup:**
βœ… **Pattern:** Rising Wedge Breakdown πŸ“‰
βœ… **Breakdown Confirmation Needed:** Price dropping below **$18.60** with strong selling volume
βœ… **Support Zones:**
- **$17.85:** First Key Support
- **$17.03:** Extended Target if selling pressure continues
βœ… **Momentum Shift Expected:** Breakdown could trigger further downside pressure πŸš€

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### **πŸ”₯ Trade Strategy & Refinements:**
πŸ“Š **Volume Confirmation:** Look for increasing **selling volume below $18.60** πŸ“‰
πŸ“‰ **Trailing Stop Strategy:** Once price reaches **TP1 ($17.85)**, adjust SL lower to secure profits πŸ›‘
πŸ’° **Partial Profit Booking:** Take partial profits at **$17.85** and let the rest ride toward **$17.03+** πŸ’΅
⚠️ **Fake Breakdown Risk:** If price rebounds **back above $18.60**, reconsider entry ❌

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### **πŸš€ Final Thoughts:**
βœ… **Bearish Breakdown Expected** – High probability of **continuation lower** πŸ“‰
βœ… **Strong Resistance at $19.47** – Ideal short entry for risk-reward optimization πŸ’°
βœ… **Momentum Shift Possible** – A **drop below $17.85** could accelerate downside move πŸš€

πŸ“Š **Trade Smart & Stick to the Plan!** πŸ†πŸ”₯

πŸ”— **#ShortTrade #StockTrading #TITN #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath** πŸš€πŸ“‰

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