$FORM /USDT Coiling Near Resistance — Breakout Brewing or Bull Trap🤔🔐👇
Market Outlook ✅
FORM is currently trading around $2.77, showing consolidation just below a key supply zone. Price previously surged from the $2.30–$2.50 range and is now forming an EQH (Equal High) structure on the 1H chart with CHoCH signals — often a precursor to a breakout or rejection.
On the 1D timeframe, $FORM remains bullish, holding above the 9EMA and printing higher lows. However, the daily candle range has been tightening, hinting at upcoming volatility.
Formed Candle & Trend Signals:📊
1H Chart: Consolidation below EQH zone ($2.83); CHoCH flip suggests indecision
1D Chart: Bullish structure with higher lows, momentum pause under resistance
Stochastic RSI: Both timeframes in the overbought zone (65–87), indicating momentum may slow before continuation
Trade Strategy (Buy Bias):💥
Entry 1: Dip zone buy at $2.73–$2.74 support area✅
Entry 2: Breakout entry above $2.83 with volume confirmation✅
Target 1: $2.98🎯
Target 2: $3.18🎯
Stop Loss: Below $2.72☣️
Risk-Reward Potential: 1:2+ based on structure and breakout continuation
Market Insight:🧑🏫
$FORM is in a healthy uptrend but facing resistance near previous highs. Watch for a breakout above $2.83 for trend continuation. If rejected, expect a retest toward the $2.73–$2.74 zone for potential long setups.
Disclaimer:⚠️
This analysis is for educational purposes only. Cryptocurrency markets are volatile — always do your own research and use proper risk management.