I’m watching $FORM after a strong impulse move followed by tight consolidation. Price pushed hard, cooled off, and is now building a base above previous support. Volume dropped during the pullback, which tells me sellers are weak. This kind of structure usually sets up a continuation move.
Trade setup
Entry Zone
0.332 to 0.345
Target Points
Target 1: 0.365
Target 2: 0.395
Target 3: 0.420
Stop Loss
0.318
Why this setup works
I’m trading a classic impulse and base pattern. The big green candle shows strong demand. The sideways movement after that is healthy consolidation, not distribution. As long as price holds above the base and higher low structure stays intact, continuation to the upside is likely. Risk is clearly defined and reward outweighs it.
FORM
0.3384
+17.54%
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