Long Trade Setup – CMP!

📈
🔹 Asset: Compass Minerals Intl Inc. (NYSE: CMP)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Bullish Pennant Breakout (Trend Continuation)

📌 Trade Plan (Long Position)
✅ Entry Zone: Around $18.82 (Confirmed breakout level)
✅ Stop-Loss (SL): Below $17.95 (Support and breakout invalidation)

🎯 Take Profit Targets
📌 TP1: $19.96 – Recent resistance level
📌 TP2: $21.22 – Measured move target / extension zone

📊 Risk-Reward Calculation
📉 Risk: $18.82 - $17.95 = $0.87
📈 Reward to TP1: $19.96 - $18.82 = $1.14 → R/R = 1:1.31
📈 Reward to TP2: $21.22 - $18.82 = $2.40 → R/R = 1:2.76 ✅

🔍 Technical Highlights
📌 Strong prior breakout followed by bullish consolidation
📌 Pennant formed with healthy volume contraction
📌 Price pushing above resistance with momentum
📌 Higher lows + trendline intact = bullish structure

📈 Execution Strategy
📊 Enter near $18.82 on confirmed breakout candle
📉 SL just below $17.95 to limit downside risk
💰 TP1 at $19.96, trail remainder to $21.22 if momentum holds

🚨 Invalidation Risk
❌ Drop below $17.95 breaks structure
❌ Avoid if breakout lacks volume and follow-through

🚀 Final Take
✔ Strong trend continuation pattern
✔ High probability with defined risk
✔ Excellent R:R if breakout sustains — let winners run!