Long Trade Setup – FTK!

📈
🔹 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!