$FORM BEARISH SETUP – REJECTION NEAR RESISTANCE, POTENTIAL CORRECTION AHEAD

FORM is currently trading at $2.5979 (-2.11%), after facing resistance near the $2.79 mark. The price action shows signs of weakness with a lower high and slowing volume. Momentum indicators suggest a cooling off period, hinting at a possible short-term correction.

🔍 KEY LEVELS TO WATCH:

Resistance Levels:

$2.79 – 24h high / key resistance

$2.80 – Major resistance zone

$3.00 – Psychological resistance

Support Levels:

$2.40 – Immediate support

$2.20 – Strong horizontal support

$2.07 – 24h low and major base level

Volume Insight:

Volume declining with price = bearish divergence

FORM Vol: 8.02M | USDT Vol: 20.02M

📉 TRADE SETUP – SHORT IDEA:

Entry Zone: $2.58 – $2.60 (on breakdown confirmation)

Take-Profit Targets:

TP1: $2.40

TP2: $2.20

TP3: $2.07 (key level)

Stop-Loss: $2.80 (above key resistance)

🛡️ RISK MANAGEMENT:

Risk only 1–2% of your capital. Adjust position size based on SL distance. Lock partial gains at TP1 and trail SL after TP2.

📊 SUMMARY:

$FORM/USDT shows a bearish setup with rejection at the top and soft volume. If $2.58 breaks, expect a fall toward $2.20–$2.07. Watch for a daily close below $2.40 to confirm further downside.

FORM losing steam – correction likely unless bulls reclaim $2.80. 🚨📉

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