$FARM /USDT – Bulls Power Through with Strong Breakout
FARM has staged a sharp bullish breakout on the 1-hour chart, surging to $32.00 before easing back to $31.37. This move follows a period of tight consolidation between $29.00 and $30.70, signaling a strong burst of buying momentum.
Trade Plan – Long Setup
Ideal Entry: $31.20–$31.40 on a minor pullback
Stop Loss: $30.60, just below the breakout zone
Target 1: $32.00 – retest of recent high
Target 2: $33.20 – extended breakout target
Risk-Reward: Around 1:2 if aiming for Target 2
Trade Logic
This is a classic breakout from consolidation with strong volume support. The sharp upward move shows bulls overpowering sellers, with little resistance above $32. A clean retest of the breakout area near $31.20 could provide a safer continuation entry.
Profit Probability
Moderate-to-high, around 65–70%, provided price holds above $30.60 and broader market sentiment stays positive. Failure to stay above $31.00 could signal a potential bull trap.
$FARM
