【$FORM Signal】Pullback to Enter Long + 1H Momentum Repair

$FORM The 1-hour timeframe has experienced a significant rally and is now undergoing a healthy pullback and consolidation. The price has fallen from the high of 0.3888 and is currently oscillating around 0.365. The 1-hour RSI has retreated from the overbought zone to 68, indicating momentum is being restored. The 4-hour trend remains strong, with the price firmly above all key moving averages, showing that the upward trend is intact. Open interest remains stable, suggesting that funds have not exited significantly; this correction appears to be a shakeout by the main players rather than a distribution. Market depth shows buy orders far exceeding sell orders, with strong support below.

🎯 Direction: Long

⚡ Entry/Order: 0.327 - 0.335

🛑 Stop Loss: 0.310

🚀 Target 1: 0.380

🚀 Target 2: 0.400

🛡️ Trading Management:

- Execution Strategy: When the price reaches 0.380, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.335. If the price fails to break the previous high of 0.389 and falls back, consider exiting all positions around 0.355.

Depth Logic: Over the past 24 hours, the increase has been as high as 28%, but open interest has not surged in tandem with the price spike, indicating this is not purely FOMO chasing but possibly controlled by major players. The 1-hour chart shows the price pulling back from the previous breakout zone (around 0.335), which is an excellent second entry point. The buy-side depth is unusually thick, indicating strong support below and making it difficult for bears to break through easily. Coupled with a positive funding rate, market sentiment is bullish but not overheated, leaving room for further upward movement.

View real-time market 👇 $FORM

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