【$FORM Signal】Pullback to buy + 1H strong consolidation, waiting for a second upward push

$FORM The 1H timeframe experienced strong sideways consolidation after yesterday's big rally, with the price staying above the short-term moving averages, indicating a typical bullish continuation pattern. The 4H timeframe has confirmed a breakout of the long-term downtrend, turning the larger cycle bullish, providing a safety margin for short-term trading. Currently, the order book shows deep buy support, healthy funding rates, no signs of overheating, and clear institutional support.

🎯Direction: Long (Long)

⚡Entry/Order: 0.2606 - 0.2664

🛑Stop Loss: 0.2480

🚀Target 1: 0.2950

🚀Target 2: 0.3100

🛡️Trade 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 strongly breaks through 0.3100, move the remaining stop loss up to 0.2950 to aim for greater gains.

Order book logic: The open interest remains stable after the price surge, indicating it’s not purely a short squeeze but rather new funds accumulating. The 1-hour RSI has pulled back from overbought levels to a healthy zone, releasing buying pressure and preparing for another rally. The order book shows dense buy orders between 0.283 and 0.282, forming immediate support. Combined with the volume breakout on the 4-hour chart, this pullback presents an excellent second entry opportunity.

View real-time market 👇 $FORM

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