$FORM has just experienced an explosive breakout from consolidation, pushing price above 3.40 after a strong volume spike. The momentum is extremely bullish, but caution is needed as the price may pull back before continuing higher.

Trade Setup:
Trade Type: Long (Buy on retracement)
Entry Zone: 3.20 – 3.30 (wait for a pullback)
Target Price: 3.70
Stop Loss: 3.05

Reason for Trade:
A vertical move with high volume often leads to a healthy retracement before the next leg up. The current trend is extremely bullish with minimal overhead resistance. Buying near support in a retest zone offers better risk-to-reward.

Market Insight:
Avoid chasing the top. Instead, wait for the price to retest the previous breakout area (around 3.20). If it holds, the next wave could push toward 3.70 or higher. Use tight risk management due to volatility.

Buy and trade here on $FORM