🚀 $FORM /USDT – Bullish Reversal Ignites Fresh Breakout Potential! 🔥💥
$FORM has rebounded impressively from the critical $3.39 demand zone, flashing a powerful bullish engulfing candle on the 1H chart. With volume on the rise and key levels reclaimed, momentum is clearly shifting in favor of the bulls. A sustained hold above $3.55 could open the gates for an aggressive leg higher.
📊 Trade Setup – Momentum Reversal Play
🔹 Entry Zone: $3.50 – $3.57
🔹 Stop Loss: Below $3.42 (protective buffer)
🔹 Targets:
✅ TP1: $3.64 – Minor Resistance
✅ TP2: $3.72 – Structural Break Zone
✅ TP3 (Final): $3.80 – Swing High Liquidity Grab
📈 Market Insight:
The recent price action signals a potential trend continuation as bulls reclaim lost ground with conviction. Watch for a strong 1H or 4H candle close above $3.55 as confirmation of breakout strength.
💡 Pro Tip:
Use volume-backed candle closes above resistance levels to scale in confidently. Consider partial profits near each target to lock in gains while letting a runner ride.
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