$FORM /USDT – Momentum Fading After the Pump? Short Play Setting Up! 🔥💯
Current Price: $2.3395 (+6.82%)
Quick Rundown:
Price rallied hard from the $2.15 zone to a peak at $2.41, but the recent candles on 15m are showing indecision and possible topping behavior.
Key Levels:
• Resistance: $2.38 – $2.41
• Support: $2.30 / $2.24
• 24H Range: $2.1543 – $2.4118
Short Trade Setup:
• Entry Zone: $2.34 – $2.38
• Targets:
◦ TP1: $2.30
◦ TP2: $2.24
◦ TP3: $2.18
• Stop Loss: $2.425
Market Insight:
Wicks to the upside and rejection candles near the high suggest supply is kicking in. If $2.34 fails to hold, expect a breakdown toward prior support levels.
Pro Tip:
Watch for a bearish engulfing candle or RSI topping out on the 15m chart to time your short.
CTA:
Momentum is losing steam—$FORM might be forming a lower high! Tag your short entries and get that downside exposure while it’s fresh.
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