$FORM /USDT – BEARISH BREAKDOWN IN PLAY, BEARS TAKING CONTROL!
$FORM /USDT is showing clear signs of bearish momentum, with the price currently trading around 2.6548, following a -0.76% dip. The price has broken below key short-term support, signaling a likely continuation to the downside.
Key Levels:
Resistance Levels: 2.7600 – 2.7400 – 2.7000
Support Levels: 2.6400 – 2.6200 – 2.6000
The resistance zone at 2.7600 has acted as a ceiling recently, while 2.6400 is the next key support where bulls may attempt a defense. However, the breakdown from 2.6775 level shows sellers are gaining strength.
Current Price: 2.6548
Market Structure: Bearish, with lower highs and lower lows forming.
TRADE SETUP – SHORT POSITION
Entry: 2.6550
Take Profit (TP): 2.6200 / 2.6000
Stop Loss (SL): 2.7000
This short setup offers a favorable risk-to-reward ratio, especially if the price fails to reclaim the 2.6775 zone.
Market Outlook:
FORM is under selling pressure, with no strong bullish reversal signs in sight. Volume appears to support the downtrend. Bears are likely to push toward 2.6200 if momentum persists. Buyers should remain cautious until a confirmed reversal above 2.7000.
Risk Management:
Always risk only 1-2% of your capital per trade. Stick to your stop-loss and avoid emotional trading.
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