FORM/USDT: LONG SCALP SETUP!!🚀 FORM Bull Pennant Breakout – 15% Potential Incoming?! 👀🔥
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FORM is consolidating within a bullish pennant on the 1H chart after a strong 15% impulse move — classic continuation setup.
Price is hugging the triangle resistance and sitting above the 100 EMA, showing strength and reducing downside pressure.
📈 Entry: CMP and add more up to $2.83
🎯 Targets: $3.21 / $3.28 / $3.35
🛑 Stop-Loss: Below $2.78
📊 Risk-Reward: Excellent
💥 Bias: Bullish
📉 Leverage: Use low leverage (max 5x) for safer exposure
Keep your eyes on volume confirmation. A decisive move above the triangle could lead to another explosive leg up.
Agree with the setup? Drop your thoughts below! 👇
Bullpenant
BITCOIN Bull Penannt BREAKOUT! Here's Bull / Bear Scenario NextHuge Bull Pennant BREAKOUT today for #Bitcoin !
Massive VOLUME coming with the move and
price closed above 50MA
The RSI looks GREAT and I'm leaning Bullish, but here's a Bull & Bear scenario for the next couple months
CRYPTOCAP:BTC coming up to critical resistance at $67,3
If we can close a few days above that level we'll range ~$69,6
Then retest $64,6 once more...
That will be another critical level to smash past
Another few weeks of range and we blastoff to $80k mid-Summer 👑
$BTC sure it COULD BO now, but not a lot of gas in the tanSURE! BTC sure it could break up now, but that's driving off a pennant, which is weak, and has f all RSI in teh tank because pennants are weak and you can see it hasn't been charged up (RED RSI70)
The meas move for pennant gets her out of the big major bullflag structure. SO possible. BUT! Prob need to do the work between here ad the top rail of the bullflag so lots of turulence.
Far more elgant is a sharp drop her eto 40 or mid/late 30s, the back up the stairs and BO on a santa rally perhaps later in the year.