UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit Targets

18 oct.

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

A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit.

Key Levels

• Entry: 51.67 – The short position was initiated after identifying strong bearish momentum.
  
• Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals.
  
• Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds.
  
• Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases.
  
• Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target.
  
• Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move.
  

Trend Analysis
The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum.

The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.