$FORM / USDT – Long Trade Signal
Asset Overview: $FORM, a gaming sector token, has shown strong momentum with a +10.76% increase in the last 24 hours, suggesting breakout potential.
Trade Parameters:
Current Price: $3.7763 (+11%)
Entry Zone: $3.70 to $3.78
Stop Loss: $3.49
Target Levels:
Target 1: $3.85
Target 2: $4.05
Target 3: $4.32
Market Snapshot:
24-hour High: $3.85
24-hour Low: $3.26
Volume: 4.07 million FORM ($15.03 million USD)
Trade Setup and Strategy:
Look for pullbacks near the $3.70 level as potential entry opportunities for long positions.
Confirmation of a breakout is indicated by a sustained price movement above $3.85, which could trigger further upside momentum.
Traders should employ risk management by setting a stop loss at $3.49 and consider trailing the stop loss upward as the price advances.
This setup is conducive to breakout traders looking for a clear entry and defined targets.
Summary:
The trading signal recommends entering long positions within the specified entry zone, with clearly defined stop loss and multiple target levels. The setup highlights a potential breakout scenario supported by recent price action and volume dynamics, making it a promising opportunity for traders aiming to capitalize on upward momentum in $FORM/USDT.