๐ $FORM Bounces Back โ Bullish Comeback Starting?
Price jumps after a sharp drop โ can bulls push higher?
๐ Current Price: $2.4975 (+3.89%)
โ Reclaimed the 7-day MA ($2.45) โ first step toward recovery
โ ๏ธ 25-day MA ($2.67) is the next big test
๐ Whatโs Happening:
Strong green candle shows buyers stepping in
Needs volume confirmation to trust the move
Watching closely as price approaches the $2.65โ$2.70 resistance zone
๐ Targets If Breakout Continues:
$2.95 โ June breakdown zone
$3.20 โ key psychological resistance
๐ก๏ธ Support Levels:
$2.30 โ recent bounce area
$2.00 โ critical support
๐ง Bottom Line:
FORM is bouncing โ but must break $2.70 to flip trend bullish. Otherwise, it could be a short-lived move. Watch volume and set smart stops.
