$FORM /USDT – Technical Analysis & Trade Setup
Market Overview:
FORM is currently trading at $3.7789, down -1.08% for the day after failing to sustain above the $3.93 resistance. The price has tested the $3.70 support zone and bounced slightly, but momentum remains weak. Volume is moderate, and the 4H chart shows consolidation between $3.70 and $3.93.
Key Technical Levels:
Resistance: $3.84 – $3.93 (breakout could target $4.00+)
Support: $3.74 – $3.70 (breakdown may lead to $3.65)
RSI: Neutral zone, indicating no extreme buying or selling pressure yet.
Bearish Setup:
Entry Zone: $3.78 – $3.80
Target 1: $3.74
Target 2: $3.70
Stop Loss: $3.84
Bullish Alternative:
If FORM breaks above $3.84 with strong volume, a long position toward $3.93–$4.00 could be considered.