🚀 Trading Pair: FORM/USDT 🚀

💲 Current Price: 2.1836 USDT (↑ 5.65%)

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🔑 Key Observations

1. Price Action 🔄

• Trading between 24h low 2.0597 & 24h high 2.2427

• EMAs: 7 & 25 slightly above EMA99 (2.1463) → mild bullish bias

2. Momentum Indicators 📊

• MACD: Bearish crossover (hist –0.0020)

• RSI(6): 54.18 (neutral)

• Stoch RSI: 35.06 (approaching oversold)

• Williams %R: –66.93 (oversold)

3. Volume 🔥

• Vol 2.57M < MA(6) 32.3M & MA(10) 50.8M → weak participation

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📈 Trade Scenarios

🟢 Scenario 1: Bullish Rebound from Support

• Entry: 2.1746 (EMA25) on Stoch RSI rebound (>40) + MACD turn

• Targets:

– TP1: 2.2427 (24h high)

– TP2: 2.3000 (psych)

• 🛑 Stop-Loss: 2.1500 (below EMA99)

🔴 Scenario 2: Bearish Continuation

• Entry: Close < 2.1463 (EMA99) + RSI(6)<50 + vol surge

• Targets:

– TP1: 2.0597 (24h low)

– TP2: 2.0000 (psych)

• 🛑 Stop-Loss: 2.1800 (above EMA25)

🟡 Scenario 3: Aggressive Breakout Play

• Entry: Close > 2.2427 (24h high) + rising volume + RSI(6)>60

• Targets:

– TP1: 2.3000

– TP2: 2.4000 (next resistance)

• 🛑 Stop-Loss: 2.2000 (below breakout level)

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⚠️ Risk Management

• Position ≤ 2% of capital

• Avoid high leverage—wide swings possible

• Confirm with volume spikes & candle closes

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📌 Critical Levels

• Resistance: 2.2427 → 2.3000 → 2.4000

• Support: 2.1746 (EMA25) → 2.1463 (EMA99) → 2.0597

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#BinanceAlphaPoints $FORM #FORM