$FORM AT CRITICAL SUPPORT – WILL $2.62 HOLD THE LINE?
Current Price: $2.6254
24h Range: $2.6038 – $2.7373
24h Volume (FORM): 1.19M
Market Sentiment: Bearish (-0.52%)
$FORM has been sliding gradually, with consistent lower highs and pressure mounting around the $2.62 mark. A brief wick below this level shows buyers trying to defend, but momentum remains weak. Volume is low, signaling indecision or lack of strong interest from bulls.
Trade Setup:
• Entry Zone: $2.62 – $2.63 (support test region)
• Take-Profit Targets:
• TP1: $2.65
• TP2: $2.68
• TP3: $2.72
• Stop-Loss: Below $2.60
This is a make -or-break moment for $FORM. If $2.62 gives way, a sharper drop may follow. But if buyers step in with volume, a bounce toward $2.72 is likely.