【$FORM Signal】Pullback to Add Long + 1H Rebound Confirmation

$FORM The 1H timeframe experienced a 19% violent surge yesterday and is currently in a high-level consolidation phase to digest the gains. The 4H timeframe has formed a clear upward trend, but the 1H RSI has fallen from the overbought zone to a healthy level, preparing for another upward push. Market depth shows strong buy support, and open interest remains stable, indicating that major players have not exited. This is a typical strong consolidation structure.

🎯Direction: Long

⚡Entry/Order: 0.2994 - 0.3061

🛑Stop Loss: 0.2850

🚀Target 1: 0.3400

🚀Target 2: 0.3600

🛡️Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price fails to break above the previous high of 0.3428 and falls back into the lower part of the entry zone, consider it a sign of weakness and exit decisively.

Depth Logic: Currently, the price is far from the 1-hour moving average, making chasing high very risky. The core strategy is to wait for the price to retrace to an optimized entry zone, which is the support-turned-resistance level from the previous breakout and near the dynamic support of the 1-hour EMA50. The volume spike on the 4-hour chart confirms a trend reversal, and the stable open interest during consolidation indicates healthy turnover rather than distribution. Although the funding rate is positive, its absolute value is not high, limiting the risk of a short squeeze. Coupled with the advantage of market depth, a pullback presents an opportunity.

View real-time market 👇 $FORM

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