$FORM Short-Term Range Play With Breakout Potential
FORM is currently consolidating around the 0.349 zone on the 15-minute chart after rejecting the 0.37 high, showing controlled pullback rather than panic selling. Price is holding above the intraday support near 0.345, and the structure suggests sellers are losing momentum while buyers defend this range. As long as FORM stays above this base, a push back toward the upper range is likely, with volatility expansion expected on a clean breakout.
Trade Setup (Long):
Entry Zone: 0.3460 – 0.3490
Stop-Loss: 0.3415
Take Profit 1: 0.3560
Take Profit 2: 0.3650
Take Profit 3: 0.3720
FORM
0.3472
-4.08%