Portillo's Inc.
Short

PTLO Short Trade Setup (30-Min Chart) !

47
### ๐Ÿ”ป **๐Ÿ“‰๐Ÿ”ฅ**
๐Ÿ” **Stock:** PTLO (NASDAQ)
โณ **Timeframe:** 30-Min Chart
๐Ÿ“‰ **Setup Type:** Bearish Breakdown

### ๐Ÿ“ **Trade Plan:**
โœ… **Entry Zone:** **$13.80 - $13.86** (Breakdown from Ascending Trendline)
๐Ÿš€ **Take Profit 1 (TP1):** **$13.20** (Key Support)
๐Ÿš€ **Take Profit 2 (TP2):** **$12.49+** (Extended Target if selling pressure continues)
๐Ÿ”ป **Stop-Loss (SL):** **$14.62** (Above resistance for risk control)
๐Ÿ“Š **Risk-Reward Ratio:** Favorable for a bearish continuation ๐Ÿ“‰๐Ÿ“ˆ

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### ๐Ÿ”น **Technical Analysis & Setup:**
โœ… **Pattern:** **Bearish Breakdown from Rising Wedge ๐Ÿ“ˆ โ†’ ๐Ÿ“‰**
โœ… **Resistance Zone:** Strong seller presence around **$13.80 - $13.86 (Yellow Zone)**
โœ… **Breakdown Confirmation Needed:** Price should drop below $13.80 with strong volume
โœ… **Momentum Shift Expected:** Breakdown signals **potential downtrend continuation**

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### ๐Ÿ”ฅ **Trade Strategy & Refinements:**
๐Ÿ“Š **Volume Confirmation:** Look for **increased selling volume** below $13.80 ๐Ÿ“‰
๐Ÿ“‰ **Trailing Stop Strategy:** Once price reaches **TP1 ($13.20), adjust SL lower** to secure profits
๐Ÿ’ฐ **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($12.49+)**
โš ๏ธ **Watch for Fake Breakdowns:** If price **rises above $13.86**, reconsider the setup

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### ๐Ÿš€ **Final Thoughts:**
โœ… **Bearish Breakdown Expected โ€“ High probability of continuation lower** ๐Ÿ“‰
โœ… **Strong Resistance at $13.80 โ€“ Ideal short entry for risk-reward optimization** ๐Ÿ’ฐ
โœ… **Momentum Shift Possible โ€“ A drop below $13.20 could drive PTLO to $12.49+** ๐Ÿš€
๐Ÿ“Š **Trade Smart & Stick to Your Plan!** ๐Ÿ†๐Ÿ”ฅ

Would you like any refinements or additional insights? ๐Ÿš€๐Ÿ“‰

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