【$FORM Signal】Short squeeze relay, strong breakout on 1H followed by pullback to add longs

$FORM On the 1H timeframe, after experiencing a significant rally, the price consolidates strongly at high levels with substantial buying depth, indicating a strong willingness to absorb. The 4H timeframe has formed a clear upward trend, with the price far from the moving averages, but the 1H RSI has fallen from overbought territory to a healthy zone, preparing for another push higher. Open interest remains stable, combined with a positive funding rate, indicating that bullish sentiment is still high and a short squeeze relay is possible.

🎯Direction: Long

⚡Entry/Order: 0.3080 - 0.3149

🛑Stop Loss: 0.2950

🚀Target 1: 0.3400

🚀Target 2: 0.3650

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Track the remaining position using the 1H EMA20 as a trailing take-profit line. If the price cannot hold above the upper boundary of the entry zone, abandon this trade.

Depth Logic: Over the past 24 hours, the price has increased by more than 26%, with volume and price rising together. This is a typical scenario driven by major funds. The 1-hour candlestick consolidates strongly around 0.352, with buy orders far exceeding sell orders, showing strong support below. Although the 4-hour RSI is high, there is no bearish divergence, and trend momentum remains intact. Currently, the price is far from the 1H EMA20, making chasing high risky. Patience and waiting for a pullback to the optimized entry zone is a safer sniper strategy.

View real-time market 👇 $FORM

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