【$FORM Signal】Pullback to add longs + 1H strong consolidation, waiting for a second breakout

$FORM The 1H timeframe experienced a sharp rally yesterday and is currently in a strong consolidation phase at a high level. The price is ranging around 0.365, and the 1H candlestick remains firmly above the EMA20 moving average, which is a typical sign of a strong correction. The 4H timeframe shows a perfect bullish alignment, with the EMA20 and EMA50 forming a golden cross and diverging upward, indicating a strong trend. Current open interest remains stable, suggesting that funds have not exited but are waiting for the next surge.

🎯Direction: Long (pullback to add longs)

⚡Entry/Order: 0.3271 - 0.3345

🛑Stop Loss: 0.3150

🚀Target 1: 0.3800

🚀Target 2: 0.4000

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. The remaining position aims for Target 2. If the price pulls back to the lower end of the entry zone and stabilizes, consider adding a small position.

Deep Logic: This rally is accompanied by stable open interest and substantial buy-side depth, indicating it’s not just a short squeeze but a sustained influx of main capital. The 1H RSI has pulled back from high levels to a healthy zone, preparing for another upward move. The order book shows significant buy orders below, with strong support around 0.364 to 0.365. The 4H volume breakout of the previous high opens new upward space, and the current pullback presents an excellent second entry opportunity.

View real-time market 👇 $FORM

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