$FORM Breakdown Watch or Fakeout Reversal?
FORM has plunged to retest its critical $3.09 support after a steep drop from $3.33 highs. This zone previously acted as a demand base, and price is now consolidating right on it. Whether it rebounds or breaks will define the next leg.
Key Levels to Watch
Resistance:
• $3.14 – First supply barrier
• $3.16 – Local top before the fall
• $3.20 – Breakdown origin zone
Support:
• $3.09 – Immediate defense
• $3.08 – Final guard before panic selling
Potential Moves
Bullish: A strong bounce above $3.09 can reclaim momentum, targeting:
Target 1: $3.14
Target 2: $3.16
Target 3: $3.20
Bearish: Losing $3.08 on volume could trigger a quick drop toward the $3.00 mark.
Current price action signals indecision — volume confirmation is key before playing either side.
