$FORM Primed for a Bullish Reversal! ๐
Price just smashed through a Falling Wedge โ a powerful bullish signal after a prolonged downtrend! ๐ฅ This setup is for traders targeting a trend reversal and mid-term upside, but remember: risk management is KEY. ๐ง ๐ผ
Here's the breakdown:
* **Technical View:** $FORMโs structure is looking incredibly constructive. The falling wedge breakout, combined with price holding above a key support zone, suggests selling pressure is easing and buyers are taking control.
* **Momentum Shift:** We're seeing a clear return of buyers and a noticeable decrease in selling pressure. Positive momentum is building! ๐
* **Fundamental Edge:** The GameFi and ecosystem growth narrative adds serious fuel to the fire. GameFi sectors often outperform in bullish markets, attracting retail interest and driving fast moves. ๐ฎ
**Trade Plan:**
* **Buy Zone:** 0.320 โ 0.345
* **
Stop Loss:** 0.270
* **Targets:** TP 1: 0.440, TP 2: 0.600 โ 0.850
Remember, smart profit booking is crucial! ๐
**Important:** Volatility is high, so control your position size, avoid over-leverage, and consider moving your SL to breakeven after hitting TP1. Discipline beats emotion every time! โ ๐ฏ
Bullish bias strengthens when price holds above the buy zone, starts forming higher lows, and volume remains stable after the breakout. ๐ฅ
#FORM #CryptoTrading #LongSetup #Altcoins #bullish ๐
