$FARM /USDT – Bulls Charge Ahead with Strong Breakout
FARM has just delivered a sharp bullish breakout on the 1-hour chart, pushing straight to $32.00 before a slight pullback to $31.37. The move comes after a period of sideways consolidation between $29.00 and $30.70, signaling a strong release of buying momentum.
Trade Plan – Long Setup
Ideal Entry: $31.20–$31.40 on a minor dip
Stop Loss: $30.60 below recent breakout zone
Target 1: $32.00 recent high retest
Target 2: $33.20 extended breakout target
Risk-Reward: Around 1:2 if aiming for Target 2
Logic Behind the Trade
This is a textbook breakout from consolidation with strong volume. The sudden upward surge shows bulls overpowering sellers, with no significant resistance until above $32. A clean retest of the breakout zone around $31.20 can offer a safer entry for continuation.
Profit Probability
Moderate-High, around 65–70%, as long as the price holds above $30.60 and overall market sentiment remains supportive. A failure to hold above $31.00 could turn the breakout into a bull trap.