$FORM Shaping Momentum The Form Before the Storm....
$FORM just broke out from a local downtrend and rallied sharply from $2.60 to $2.84. The chart now shows consolidation just below the 24h high a classic bullish flag formation on the 1H chart, which could explode with volume confirmation.
Long Trade Setup:
• Entry Range: $2.82 – $2.83
• Take Profit 1 (TP1): $2.95
• Take Profit 2 (TP2): $3.10
• Take Profit 3 (TP3): $3.28
• Stop Loss: $2.74 (below breakout base)
Market Insight:
This 1H pullback after a strong move is healthy and often precedes continuation. Volume is decent, and the 7-day trend shows solid +10.20% strength. Look for volume + candle breakout above $2.85 for confidence.