🚨 $FORM Setup 🚨
🎯 Targets:
TP1: $2.95 🎯
TP2: $3.08 🎯
TP3: $3.22 🚀
📈 Technical Analysis:
$FORM is currently at a pivotal point, testing its 24h high resistance at $2.86. A breakout above this level with accompanying volume could trigger a significant short-term rally. Additionally, RSI on the 1H chart is bullish, signaling sustained buyer momentum.
🔑 Key Support Zone:
Watch for price to potentially retest the $2.77 – $2.80 region as a support floor. This is crucial for entering at a lower risk, especially in a volatile market.
📊 Volume Insight:
Strong volume has been flowing into $FORM, suggesting that market participants are confident in a breakout. Pay close attention to volume spikes above $2.86 for confirmation of momentum continuation.
⚠️ Risk Management Tip:
While the outlook is positive, always secure partial profits as price targets are hit, and use the $2.61 level as your stop-loss to mitigate risk.
#FORM #cryptosignals #BreakoutWatch
🚀📶
$FORM
📌 Disclaimer:
This setup is based on my personal analysis, supported by insights from verified, experienced traders I follow. Shared for educational purposes. Remember, all trades come with risks, and patience is key in this game.
