Based on the $FARM 15-minute chart, here’s a quick analysis of what might happen next:

Observations:

1. Price Surge & Dump: The price experienced a massive spike to $50.50, followed by a sharp decline.

2. Support & Resistance:

Support: The price previously bounced around $28.82.

Resistance: The spike peak at $50.50 acted as a major resistance.

3. Volume Analysis: High volume indicates heavy trading activity, suggesting possible manipulation or a pump-and-dump scenario.

4. Trend: The trend is currently bearish, as the price is falling from the peak.

5. Possible RSI Overbought Condition: Given the rapid surge, RSI likely entered overbought levels, leading to this correction.

Potential Next Moves:

Scenario 1 (Bearish Continuation): If selling pressure continues, the price might test $32-$30 as the next support.

Scenario 2 (Reversal Attempt): If buyers step in, a short-term bounce towards $36-$38 is possible.

Scenario 3 (Consolidation): The price may range between $30-$35 before another move.

Trading Plan:

For Longs: Wait for confirmation of support around $30 before entering.

For Shorts: A failed rebound around $36-$38 could be a good short entry.