Quick summary
$FORM is in a short-term continuation/recovery phase after a spike toward ~3.90 USDT; price trades around ~3.74 USDT and sits above short/medium MAs — short-term bias is bullish but RSI signals strong momentum and higher pullback risk.
Technical
price: ~3.74 USDT.
Short/medium/long MAs: MA7 ≈ 3.70, MA25 ≈ 3.61, MA99 ≈ 3.52 — price above these averages indicates short-term bullish structure.
RSI (1H): ~78 — strong momentum; approach to overbought zone increases chance of a retracement.
Immediate support: 3.52–3.61 (practical SL area: 3.25 USDT).
Resistances: 3.90 (near-term swing high), extension 4.20–4.60 on confirmed breakout with rising volume.
Market structure & volume
There was a clear volume spike on the move to 3.90. FORM/USDT is listed and traded across multiple exchanges/venues (Binance, MEXC, Gate, TradingView pages), which supports tradability; continued upside depends on sustained volume.
Trading plan
Entry: 3.60 — 3.74 USDT (scale-in).
Stop-loss: 3.25 USDT.
Take-profit: TP1 3.90 — TP2 4.20–4.60 (scale out; extend only on breakout + volume).
Management: take partial profits at TP1, move SL to breakeven after partial exit; hold remainder only if price clears 3.90 with increasing volume. If momentum fades or RSI reverses, favor profit-taking.
Overall view
Bull case: Hold above ~3.60 and clear 3.90 with volume → target 4.20–4.60.
Bear case: Drop under 3.52 → risk of revisit to ~3.30 area; main risks are rapid momentum reversals and shifts in exchange liquidity.
