$FORM/USDT – Bounce Losing Steam, Correction Likely?
Current Price: $2.7271 (+4.14%)
After hitting a 24H high of $2.8076, $FORM is showing signs of weakness with a series of lower highs on the 15-minute chart.
Key Levels:
Resistance: $2.76 / $2.80
Support: $2.70 / $2.62
Short Trade Setup – Gaming Token Pullback Strategy:
Entry Zone: $2.73 – $2.75
Target 1: $2.70
Target 2: $2.62
Target 3: $2.55
Stop Loss: $2.81
Market Outlook:
Despite a strong surge, $FORM is struggling to stay above $2.75 and is repeatedly getting rejected. Buying volume is declining, signaling potential exhaustion.
Pro Tip:
Watch for a minor bounce into the $2.74–$2.75 area before entering short with a tight stop just above $2.80.
Gaming sector momentum is cooling—short the peak and ride the dip.
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