$FORM Showing Consolidation Strength – Will It Rebound From Demand?🔑👇🚩
Timeframes: 2H & 4H⌛
Current Price: $2.313🦋
Chart Breakdown:📉
Support Zone Holding Strong: $FORM is trading within a strong demand block between $2.2305 – $2.3130, forming a tight consolidation range.
Price Structure:📉
After a steep pump and retracement, $FORM has maintained structure above key EMAs. Currently moving sideways within a high-probability reaccumulation zone.
Indicators Insight: 📉
2H Stoch RSI shows a mild upturn, signaling potential strength revival.
4H Stoch RSI near oversold, indicating bottoming behavior, aligning with sideways price action.
Strategy Insight:👨🏫
Trade Bias: Bullish Reversal Potential
Entry Zone: $2.26 – $2.30 (accumulation zone)
Target 1: $2.52🎯
Target 2: $2.68🎯
Stop Loss: $2.22 (below demand zone structure)☣️
Trade Duration: Short-term swing (12–48 hrs based on breakout velocity)⌛
Pro Tip:🧑💻
Volume is contracting within a range—watch for a breakout candle with volume confirmation. A reclaim above $2.318 will trigger bullish continuation toward local highs.
👨❤️👨"The real edge in trading is not prediction, it’s preparation."
Disclaimer: ⚠️
This is a personal analysis for educational purposes only. Always DYOR and manage your risk.