$FORM Faces Heavy Sell-Off – Can Bulls Reclaim Lost Ground?
FORM has plunged over -14% today, trading near $1.66 after hitting lows of $1.64. Sellers have been dominant, pushing the price down from recent highs. The current level is sitting at a crucial zone where either a rebound attempt could emerge or further bearish continuation may unfold.
Key Levels to Watch
• Resistance: $1.70 – Breaking above this zone may allow recovery toward $1.78 and $1.85.
• Support: $1.64 – Losing this level could expose the price to further downside toward $1.60 and $1.55.
Trade Setup – Be Ready for Both Scenarios
Bullish Entry:
A confirmed breakout above $1.70 could target:
• TP1: $1.78
• TP2: $1.85
Bearish Entry:
A breakdown below $1.64 could target:
• TP1: $1.60
• TP2: $1.55
Final Note
FORM is under strong pressure, but the $1.64 support is the deciding line. A bounce above $1.70 may trigger a short-term recovery, while losing $1.64 could deepen bearish momentum. Traders should remain cautious as volatility is expected.