$FORM /USDT – Potential Short Setup Brewing! 🚨
Current Price: $2.7267 (+12.75%)
24H High: $2.7991 | 24H Low: $2.3528
$FORM has pumped hard and is now forming a potential top near the $2.80 resistance with clear signs of exhaustion and consolidation under resistance.
Key Levels:
Major Resistance: $2.78 – $2.80
Support Zones: $2.60 and $2.45
Short Trade Setup:
Entry Zone: $2.72 – $2.75 (if price fails to reclaim $2.80)
🎯 TP1: $2.60
🎯 TP2: $2.48
🎯 TP3: $2.36
🛑 SL: $2.82
Market Insight:
After a vertical rally, price tends to retrace and retest lower levels. Watch for a lower high or bearish engulfing pattern near resistance before entering.
Pro Tip:
Confirmation matters. Enter only after a breakdown from current range with volume. Trail stop for safety.
Let the overextended rally pay your short!
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