Here is a technical overview and short-term trade setup for
$FORM /USDT
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📊 FORM/USDT Market Snapshot
Current Price: $2.7619
24h Change: -4.04% (Downtrend)
24h High / Low:
High: $2.9326
Low: $2.7414
24h Volume:
FORM: 909,662.7
USDT: $2.56M
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📈 Technical Indicators
Indicator Value Signal
MA60 $2.7654 ⚠️ Slightly above current price
MA(5) 1,830.0 ⬆️ Higher short-term activity
MA(10) 1,669.8 ⬆️ Positive recent average volume
Volume (latest) 2,324.0 ✅ Above both MA(5) and MA(10) – bullish volume bounce potential
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📉 Price Structure
Level Price Comment
Support $2.7414 24h low, potential rebound zone
Resistance 1 $2.7684 Depth resistance + MA60
Resistance 2 $2.9326 24h high – breakout target
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⚙️ Suggested Short-Term Trade Plan
Strategy Price Range Rationale
Entry (Buy) $2.74 – $2.76 Near 24h low + price stabilizing
Stop-Loss $2.72 Below intraday low
Take-Profit 1 $2.77 – $2.78 Minor bounce to MA60 resistance
Take-Profit 2 $2.93 If breakout confirmed on high volume
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🔍 Outlook & Summary
Trend: Bearish but showing signs of stabilizing near support.
Volume: Increasing, which could signal accumulation.
Bias: Cautious Bullish above $2.76 with confirmation.
Watch for: Break above MA60 + spike in volume for breakout potential.
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