$FORM /USDT Trade Setup Update๐๐
Current Price: $3.0032
Timeframe: 1H & 4H
$FORM is currently attempting to stabilize above the $3.00 zone after an intraday pullback. The 1H chart shows recovery candles forming right above the 50 EMA, with Bollinger Bands gradually squeezing, indicating potential volatility ahead. The RSI is climbing from oversold regions, supporting a short-term bullish push if volume supports the breakout.
๐On the 4H chart, we witnessed a sharp bullish candle followed by a controlled correction and base formation just above $2.95. With strong wicks rejecting the downside and $FORM price reclaiming the upper band on Bollinger, buyers are clearly defending key zones. The short-term market structure remains bullish above $2.90 support.
Entry Zone: $2.96 - $3.00โ
Immediate Resistance: $3.07
Breakout Target: $3.18 - $3.25๐ฏ
Stop-loss: Below $2.88 (4H candle close basis)โฃ๏ธ
The trade is gaining traction with a potential continuation pattern forming. Patience is keyโif it sustains above $3.03 with volume, bulls may take over. Wait for confirmation.
๐จโโค๏ธโ๐จโConsistency beats intensity when it comes to trading discipline.โ
Reminder: โ ๏ธ
Always DYOR. Trade setups are for educational purposes, not financial advice.
