$FORM just witnessed a Long Liquidation of $3.13K at $2.9716 – The Bulls are shaking, but this could be the perfect storm for the smart traders!
Is the Fear a Setup for the Next Surge? Let’s Dive In:
Technical Breakdown:
Recent Long Liquidation: $3.1387K at $2.9716
This signals panic exits... not price weakness.
Strong Support Zone: Around $2.85 – $2.95 – buyers are lurking here!
RSI is cooling off, building room for a powerful rebound.
$FORM Buy Zone:
$2.85 – $2.95
(Currently near the liquidation price – high reward potential!)
Targets:
TP1: $3.20
TP2: $3.38
TP3 (moonshot): $3.69
Stop-Loss:
$2.74 (Below structural support, tight enough to protect, wide enough to breathe)
Why This Trade?
Liquidity flush-out = weaker hands shaken out
Market structure still bullish above $2.85
Risk-to-reward ratio better than 1:3
Final Word:
The market just gave you a gift. $FORM might be setting up for a volcanic eruption after this liquidation wick! Keep your eyes locked, and your strategy sharper.
Ride the fear — Target the momentum.
