FPH Long Trade Setup (30-Min Chart) !

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๐Ÿš€ ๐Ÿ“ˆ๐Ÿ”ฅ
๐Ÿ” Stock: FPH (NYSE)
โณ Timeframe: 30-Min Chart
๐Ÿ“ˆ Setup Type: Bullish Breakout

๐Ÿ“ Trade Plan:
โœ… Entry: $6.41 (Breakout Confirmation)
โŒ Stop-Loss (SL): $6.08 (Below key support for risk management)
๐ŸŽฏ Target 1: $6.81 (First Resistance Level)
๐Ÿš€ Target 2: $7.22 (Major Resistance Level โ€“ Moon Shot! ๐ŸŒ™)

๐Ÿ”น Risk-Reward Ratio: Strongly favorable ๐Ÿ“Š
๐Ÿ”น Momentum: Uptrend continuation with breakout confirmation ๐Ÿ“ˆ
๐Ÿ”น Pattern: Rising wedge breakout

๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Ensure strong buying volume supports the breakout.
๐Ÿ“‰ Trailing Stop Strategy: If price reaches $6.81, consider moving SL to breakeven ($6.41) or higher.
๐Ÿ’ฐ Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
โš ๏ธ Watch for Retest: If price retests $6.41 and holds, it confirms continued momentum.

๐Ÿš€ Final Thoughts:
โœ… Bullish Chart Setup โ€“ Ideal breakout conditions.
โœ… Strong Volume & Trend โ€“ Key factors for continuation.
โœ… Disciplined Risk Management โ€“ Maintain SL for protection.

Plan Your Trade & Trade Your Plan! ๐Ÿ†๐Ÿ’ฐ
Let me know if you need any modifications! ๐Ÿš€๐Ÿ“ˆ

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