📈 🚀
🔹 Asset: Darling Ingredients Inc. (DAR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $28.50 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $26.91 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.38 (First Resistance Level)
📌 TP2: $32.48 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $28.50 - $26.91 = $1.59 per share
📈 Reward to TP1: $30.38 - $28.50 = $1.88 (1:1.18 R/R)
📈 Reward to TP2: $32.48 - $28.50 = $3.98 (1:2.5 R/R)
🔍 Technical Analysis & Strategy
📌 Downtrend Breakout Setup – Price is testing the descending trendline and attempting a breakout.
📌 Support Holding at $28.50 – Buyers stepping in, creating a potential reversal.
📌 Volume Confirmation Needed – A strong bullish candle above $28.50 confirms entry.
📌 Momentum Shift Expected – Breakout could lead to $30.38, then $32.48.
📊 Key Resistance & Support Levels
🔴 $30.38 – First Resistance / TP1
🟡 $28.50 – Breakout Level / Long Entry
⚪ $26.91 – Stop-Loss / Support Level
🟢 $32.48 – Final Target / TP2
📈 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong buying pressure before entering.
📉 Trailing Stop Strategy – Move SL to $28.50 (breakeven) after hitting TP1 ($30.38).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.38, let the rest run to $32.48.
✔ Adjust SL to breakeven ($28.50) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price moves back below $28.50, exit early to limit losses.
❌ Wait for a strong bullish candle close above $28.50 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup Forming – Breakout signals potential upside movement.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.5 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Follow ProfittoPath for More Trade Setups!
#ProfittoPath 🏆 | #DAR 📈 | #StockMarket 📊 | #BreakoutTrade 🚀 | #LongSetup 💰 | #RiskManagement 🔍 | #MarketAnalysis 📉 | #SwingTrading
🔹 Asset: Darling Ingredients Inc. (DAR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $28.50 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $26.91 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.38 (First Resistance Level)
📌 TP2: $32.48 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $28.50 - $26.91 = $1.59 per share
📈 Reward to TP1: $30.38 - $28.50 = $1.88 (1:1.18 R/R)
📈 Reward to TP2: $32.48 - $28.50 = $3.98 (1:2.5 R/R)
🔍 Technical Analysis & Strategy
📌 Downtrend Breakout Setup – Price is testing the descending trendline and attempting a breakout.
📌 Support Holding at $28.50 – Buyers stepping in, creating a potential reversal.
📌 Volume Confirmation Needed – A strong bullish candle above $28.50 confirms entry.
📌 Momentum Shift Expected – Breakout could lead to $30.38, then $32.48.
📊 Key Resistance & Support Levels
🔴 $30.38 – First Resistance / TP1
🟡 $28.50 – Breakout Level / Long Entry
⚪ $26.91 – Stop-Loss / Support Level
🟢 $32.48 – Final Target / TP2
📈 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong buying pressure before entering.
📉 Trailing Stop Strategy – Move SL to $28.50 (breakeven) after hitting TP1 ($30.38).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.38, let the rest run to $32.48.
✔ Adjust SL to breakeven ($28.50) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price moves back below $28.50, exit early to limit losses.
❌ Wait for a strong bullish candle close above $28.50 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup Forming – Breakout signals potential upside movement.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.5 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Follow ProfittoPath for More Trade Setups!
#ProfittoPath 🏆 | #DAR 📈 | #StockMarket 📊 | #BreakoutTrade 🚀 | #LongSetup 💰 | #RiskManagement 🔍 | #MarketAnalysis 📉 | #SwingTrading
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.