FARM/USD – 30-Min Breakout Trade Setup!Farmer Brothers CompanyBATS:FARMProfittoPath📌 🚀 🔹 Asset: Farmer Brothers Company (FARM/USD) 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Symmetrical Triangle Breakout 📌 Trade Plan (Long Position) ✅ Entry Zone: Above $2.84 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $2.66 (Break of Support & Triangle) 🎯 Take Profit Targets 📌 TP1: $3.08 (First Resistance Level) 📌 TP2: $3.37 (Final Target – Extended Move) 📊 Risk-Reward Ratio Calculation 📈 Risk (SL Distance): $2.84 - $2.66 = $0.18 risk per share 📈 Reward to TP1: $3.08 - $2.84 = $0.24 (1:1.33 R/R) 📈 Reward to TP2: $3.37 - $2.84 = $0.53 (1:2.94 R/R) 🔍 Technical Analysis & Strategy 📌 Symmetrical Triangle Breakout: FARM is consolidating within a triangle pattern, with a breakout above $2.84 indicating bullish momentum. 📌 Trendline & Support Bounce: Price is testing a trendline breakout, with accumulation signaling potential upside. 📌 Breakout Confirmation: A strong bullish candle closing above $2.84 with volume increase will confirm the move. 📌 Momentum Shift Expected: If price holds above $2.84, a rally toward $3.08 (TP1) and $3.37 (TP2) is likely. 📊 Key Support & Resistance Levels 🟢 $2.66 – Strong Support / Stop-Loss Level 🟡 $2.84 – Entry / Breakout Level 🔴 $3.08 – First Resistance / TP1 🟢 $3.37 – Final Target / TP2 🚀 Trade Execution & Risk Management 📊 Volume Confirmation: Ensure strong buying volume above $2.84 before entering. 📈 Trailing Stop Strategy: Move SL to entry ($2.84) after TP1 ($3.08) is hit. 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $3.08, let the rest run to $3.37. ✔ Adjust Stop-Loss to Break-even ($2.84) after TP1 is reached. ⚠️ Fake Breakout Risk ❌ If price fails to hold above $2.84 and reverses back, it could indicate a false breakout—exit early. ❌ Wait for a strong candle close above $2.84 for confirmation before entering aggressively. 🚀 Final Thoughts ✔ Bullish Setup – Holding above $2.84 could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.94 to TP2. 💡 Stick to the plan, manage risk, and trade smart! 🚀🏆 🔗 #StockTrading #FARM #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈