🚀💚 $FORM USDT – BREAKOUT FROM DOWNTREND CHANNEL!
$FORM is up +2.24% today, trading at $2.8472, after a strong breakout from its prolonged downtrend channel, signaling potential bullish continuation ahead.
🔎 KEY LEVELS:
🔻 Support:
→ $2.8395
→ Strong: $2.7806
🔺 Resistance:
→ $2.9000
→ $2.9835 (major target)
📈 TRADE SETUP (LONG):
Entry Zone: $2.8400 – $2.8350
Take Profit Targets:
→ TP1: $2.9000
→ TP2: $2.9835
Stop Loss: $2.7800
💡 MARKET OUTLOOK:
FORM has successfully broken out of its falling wedge/channel structure, indicating a shift in momentum. If it sustains above $2.8395 support, expect a move towards $2.9000 and $2.9835. Bulls will remain strong as long as price holds above the breakout retest zone.
⚠️ RISK MANAGEMENT:
Trade with disciplined sizing. Never risk more than 1-2% per trade. Confirm breakouts with retests before adding positions.
🧠 “Great traders don’t chase price; they ride momentum with precision.”
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