🚀 Trade Signal Update: $FORM /USDT
Current Price: 💰 $1.2577 (+11.11%)
24H Range:
🔼 High: $1.3661
🔽 Low: $1.0727
📊 Technical Overview (1H Chart)
MA(7): 1.1941 — Price trading well above short-term MA
MA(25): 1.1308 — Strong upward momentum
MA(99): 1.1571 — Broken major resistance → turning into support
RSI (6): ⚠️ 91.12 — Highly overbought zone
MACD: 0.0182 — Bullish confirmation still intact
🎯 Trade Setup
🟢 Entry Zone: $1.20 – $1.25 (wait for slight pullback)
🎯 Targets:
1️⃣ $1.32
2️⃣ $1.38
3️⃣ $1.45
🔴 Stop-Loss: $1.15
📈 Reasoning:
FORM/USDT has seen a strong bullish breakout, with price crossing above 99 MA and high trading volume confirming momentum. RSI indicates overbought conditions, so a minor pullback may occur before the next leg up. Watch for consolidation above $1.20 — that could trigger continuation to $1.38+