Here is a technical overview and short-term trade setup for $FORM /USDT
---
๐ FORM/USDT Market Snapshot
Current Price: $2.7619
24h Change: -4.04% (Downtrend)
24h High / Low:
High: $2.9326
Low: $2.7414
24h Volume:
FORM: 909,662.7
USDT: $2.56M
---
๐ Technical Indicators
Indicator Value Signal
MA60 $2.7654 โ ๏ธ Slightly above current price
MA(5) 1,830.0 โฌ๏ธ Higher short-term activity
MA(10) 1,669.8 โฌ๏ธ Positive recent average volume
Volume (latest) 2,324.0 โ Above both MA(5) and MA(10) โ bullish volume bounce potential
---
๐ Price Structure
Level Price Comment
Support $2.7414 24h low, potential rebound zone
Resistance 1 $2.7684 Depth resistance + MA60
Resistance 2 $2.9326 24h high โ breakout target
---
โ๏ธ Suggested Short-Term Trade Plan
Strategy Price Range Rationale
Entry (Buy) $2.74 โ $2.76 Near 24h low + price stabilizing
Stop-Loss $2.72 Below intraday low
Take-Profit 1 $2.77 โ $2.78 Minor bounce to MA60 resistance
Take-Profit 2 $2.93 If breakout confirmed on high volume
---
๐ Outlook & Summary
Trend: Bearish but showing signs of stabilizing near support.
Volume: Increasing, which could signal accumulation.
Bias: Cautious Bullish above $2.76 with confirmation.
Watch for: Break above MA60 + spike in volume for breakout potential.
---
Would you like this visualized as a candlestick chart with MA and support/resistance zones?