📉 $FORM
USDT BEARISH BREAKDOWN – SELLERS READY TO PUSH DEEPER
FORMUSDT is showing strong bearish momentum after failing to reclaim key resistance levels. Sellers have regained control, breaking below structural support, indicating continuation towards lower targets.
🔑 Key Levels:
Resistance: 2.7427 – 2.7601 zone
Support: Immediate at 2.6427
Current Price: 2.7209
💼 Trade Setup (Short):
Entry Zone: 2.7200 – 2.7250
Take Profit (TP): 2.6427
Stop Loss (SL): 2.7600
📊 Market Outlook: Price is forming lower highs and lower lows, maintaining a strong downtrend structure with volume confirmation on breakdowns. As long as it stays below 2.7427 resistance, further downside is expected towards 2.6427 support, which aligns with previous demand zones.
⚠️ Risk Management: Always use strict SL as market volatility can trigger sharp reversals. Risk only 1-2% of your capital per trade to stay safe and consistent.
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buy and trade here on $FORM