$FORM
Confirmation of a bullish movement for the FORM currency showing strength with the possibility of a bullish breakout
Market Overview:
The currency $FORM is moving in an upward direction supported by average trading volume and stable gains, currently testing the key resistance level at $2.22. Price behavior indicates accumulation, suggesting the possibility of a bullish breakout.
Entry Area:
$2.14 – $2.19 — Buying is preferred on a pullback or re-test of support after the breakout.
Targets:
🎯 First Target: $2.23 (current resistance)
🎯 Second Target: $2.36 (highest level in March)
🎯 Third Target: $2.52 (bullish breakout target)
Stop Loss:
$2.09 — Below the local support level and the accumulation of moving averages.
Key Levels:
Support: $2.12 / $2.09
Resistance: $2.23 / $2.36
Pivot Point: $2.19
✨️ Professional Tip:
Watch for a breakout accompanied by strong trading volume above $2.23 on the hourly or four-hour chart.
In case of rejection, wait for a re-test of the $2.12 level before entering again. Be sure to manage the position size especially near resistance areas.