📈
🔹 Asset: Flotek Industries, Inc. (NYSE: FTK)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Parabolic Breakout with Continuation
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $11.12 (Confirmed breakout zone)
✅ Stop-Loss (SL): Below $10.30 (Structure break level)
🎯 Take Profit Targets
📌 TP1: $11.94 – Minor resistance
📌 TP2: $13.07 – Major supply / Fib extension target
📊 Risk-Reward Calculation
📉 Risk: $11.12 - $10.30 = $0.82
📈 Reward to TP1: $11.94 - $11.12 = $0.82 → 1:1.0
📈 Reward to TP2: $13.07 - $11.12 = $1.95 → 1:2.38 ✅
🔍 Technical Highlights
📌 Strong upward momentum with clean breakout
📌 Rising trendline support confirms bullish structure
📌 Volume surged on breakout—bulls in control
📌 Candle closed above resistance → breakout validated
📈 Execution Strategy
📊 Enter near $11.12 with confirmation
📉 SL below $10.30 (previous structure low)
💰 Book partial at $11.94, trail remainder toward $13.07
🚨 Invalidation Risk
❌ Break below $10.30 signals pattern failure
❌ Avoid if entry candle closes weak or below yellow zone
🚀 Final Take
✔ Strong setup riding breakout momentum
✔ Risk manageable with clear SL
✔ Let winners ride if momentum stays intact!
🔹 Asset: Flotek Industries, Inc. (NYSE: FTK)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Parabolic Breakout with Continuation
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $11.12 (Confirmed breakout zone)
✅ Stop-Loss (SL): Below $10.30 (Structure break level)
🎯 Take Profit Targets
📌 TP1: $11.94 – Minor resistance
📌 TP2: $13.07 – Major supply / Fib extension target
📊 Risk-Reward Calculation
📉 Risk: $11.12 - $10.30 = $0.82
📈 Reward to TP1: $11.94 - $11.12 = $0.82 → 1:1.0
📈 Reward to TP2: $13.07 - $11.12 = $1.95 → 1:2.38 ✅
🔍 Technical Highlights
📌 Strong upward momentum with clean breakout
📌 Rising trendline support confirms bullish structure
📌 Volume surged on breakout—bulls in control
📌 Candle closed above resistance → breakout validated
📈 Execution Strategy
📊 Enter near $11.12 with confirmation
📉 SL below $10.30 (previous structure low)
💰 Book partial at $11.94, trail remainder toward $13.07
🚨 Invalidation Risk
❌ Break below $10.30 signals pattern failure
❌ Avoid if entry candle closes weak or below yellow zone
🚀 Final Take
✔ Strong setup riding breakout momentum
✔ Risk manageable with clear SL
✔ Let winners ride if momentum stays intact!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.