Stop everything and check $FORM right now.
It’s trading at 0.4041 and finally showing signs of stabilization after a period of selling. Buyers are stepping in around key levels, and momentum is starting to favor the bulls.
This looks like a LONG setup.
Entry zone: 0.400 to 0.404
First target: 0.425
Second target: 0.440
Stop-loss: 0.395
What makes this setup interesting is how the dips have been consistently bought, showing demand at these levels. If $FORM holds above 0.404 and pushes past 0.410, the path to targets becomes cleaner. If it breaks below 0.395, the trade idea is invalid and risk needs to be respected.
This is a clean risk-to-reward setup for a measured long.