$FORM 🚀 🚀 UPWARD MOMENTUM 🚀
**Support & Breakout Levels:**
FORM recently broke above a long consolidation zone around $2.75–$2.77, then pulled back into the $2.55–$2.60 area — ideal for a retest-based long entry .
Chart Patterns:
A textbook bull pennant formed after a ~15% rally, signaling a high-conviction setup for continuation .
Prior analysis highlights a possible second growth wave, with abnormal large-player buying and low volume resistance zones near $2.74–$2.77 .
Indicator Summary:
TradingView technical gauge: Mixed/neutral (oscillators & MAs in a holding/consolidation state) .
🎯 Short-Term Strategy: Buy the Dip
**📍 Entry Zone:** $2.50–$2.60 — retest of breakout level
**🛑 Stop-Loss:** Below $2.45 — invalidates recent support area
🎯 Targets:
1. TP1: $2.75–$2.80 — prior breakout need retest
2. TP2: $3.00+ — breakout target if momentum resumes
Smart Money Strategy:
Stage 1: Take partial position near $2.55–$2.60
Stage 2: Add on bounce above $2.65 with high volume
Stage 3: Exit or trail stops at profit near $2.75 and escalate to $3.00+
🛑 Disclaimer
This is educational content only, not financial advice. FORM is volatile—always DYOR, set proper stop-losses, and manage your position responsibly.
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