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FPH Long Trade Setup (30-Min Chart) !

πŸš€ πŸ“ˆπŸ”₯
πŸ” Stock: FPH (NYSE)
⏳ Timeframe: 30-Min Chart
πŸ“ˆ Setup Type: Bullish Breakout

πŸ“ Trade Plan:
βœ… Entry: $6.41 (Breakout Confirmation)
❌ Stop-Loss (SL): $6.08 (Below key support for risk management)
🎯 Target 1: $6.81 (First Resistance Level)
πŸš€ Target 2: $7.22 (Major Resistance Level – Moon Shot! πŸŒ™)

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

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

πŸš€ Final Thoughts:
βœ… Bullish Chart Setup – Ideal breakout conditions.
βœ… Strong Volume & Trend – Key factors for continuation.
βœ… Disciplined Risk Management – Maintain SL for protection.

Plan Your Trade & Trade Your Plan! πŸ†πŸ’°
Let me know if you need any modifications! πŸš€πŸ“ˆ

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