$FORM /USDT – Long Opportunity Toward $2.80
$FORM has recently shown a solid rebound from the $2.6220 support level and is now hovering around $2.7342. The 1-hour chart reveals bullish momentum, characterized by rising lows and increasing volume.
🔹 Trade Plan
* Entry Range $2.72 – $2.74
* Take-Profit (TP): $2.80
* Stop-Loss (SL): Below $2.66
🔹 Rationale for Long:
FORM is displaying a steady recovery pattern, indicating a potential trend reversal. Strong green candles on the 1H timeframe reflect buyer strength. As long as the price remains above $2.72, a push toward the $2.80 resistance looks promising.
🔹 Pro Tips
1. Monitor the $2.77 area—absence of rejection wicks may signal continued bullish momentum.
2. Consider securing partial gains around $2.78 to reduce risk while letting the rest run.