$FORM callback to $0.3
This is precisely the opportunity to reposition!
$FORM hit a high of $0.425 yesterday, then quickly dropped back to around $0.30—today’s intraday range was very large.
But if we zoom out a bit and look at a longer cycle, FORM has still risen more than 30% over the past 7 days. Its current circulating market cap is about $118 million, with a 24-hour trading volume exceeding $40 million. Market momentum hasn’t disappeared because of this pullback.
With this kind of price action, I actually won’t chase it above $0.40.
If you didn’t get in earlier, $0.30 is a good place to re-evaluate the layout. As long as this pullback doesn’t continue to break below the prior breakout zone, then later, once it recaptures $0.35, the next area to watch on the upside is still $0.40–$0.425.
This is precisely the opportunity to reposition!
$FORM hit a high of $0.425 yesterday, then quickly dropped back to around $0.30—today’s intraday range was very large.
But if we zoom out a bit and look at a longer cycle, FORM has still risen more than 30% over the past 7 days. Its current circulating market cap is about $118 million, with a 24-hour trading volume exceeding $40 million. Market momentum hasn’t disappeared because of this pullback.
With this kind of price action, I actually won’t chase it above $0.40.
If you didn’t get in earlier, $0.30 is a good place to re-evaluate the layout. As long as this pullback doesn’t continue to break below the prior breakout zone, then later, once it recaptures $0.35, the next area to watch on the upside is still $0.40–$0.425.