Current Price: $2.4517 Entry Zone: $2.45–$2.50 Final Target: $2.15 Stop Loss: $2.66
Trade Insight: #FORM rallied aggressively from a low of $1.8852 to a high of $2.6555, but signs of exhaustion are surfacing. The recent rejection from the top and back-to-back red candles on the 30-minute chart indicate increasing selling pressure. A short pullback is likely if momentum fails to reclaim the highs.
Strategy: Ideal to enter in the $2.45–$2.50 zone with tight risk management. Monitor price closely around the $2.35 and $2.25 levels for partial profit-taking. The final target sits near $2.15 for a clean exit if bearish pressure continues.
Risk Tip: Move stop loss to breakeven once price drops below $2.30 to secure gains early in the move.
Current Price: $2.4517 Entry Zone: $2.45–$2.50 Final Target: $2.15 Stop Loss: $2.66
Trade Insight: #FORM rallied aggressively from a low of $1.8852 to a high of $2.6555, but signs of exhaustion are surfacing. The recent rejection from the top and back-to-back red candles on the 30-minute chart indicate increasing selling pressure. A short pullback is likely if momentum fails to reclaim the highs.
Strategy: Ideal to enter in the $2.45–$2.50 zone with tight risk management. Monitor price closely around the $2.35 and $2.25 levels for partial profit-taking. The final target sits near $2.15 for a clean exit if bearish pressure continues.
Risk Tip: Move stop loss to breakeven once price drops below $2.30 to secure gains early in the move.
Current Price: $2.4517 Entry Zone: $2.45–$2.50 Final Target: $2.15 Stop Loss: $2.66
Trade Insight: #FORM rallied aggressively from a low of $1.8852 to a high of $2.6555, but signs of exhaustion are surfacing. The recent rejection from the top and back-to-back red candles on the 30-minute chart indicate increasing selling pressure. A short pullback is likely if momentum fails to reclaim the highs.
Strategy: Ideal to enter in the $2.45–$2.50 zone with tight risk management. Monitor price closely around the $2.35 and $2.25 levels for partial profit-taking. The final target sits near $2.15 for a clean exit if bearish pressure continues.
Risk Tip: Move stop loss to breakeven once price drops below $2.30 to secure gains early in the move.