$FORM /USDT – Pullback Within Trend Channel, Eyes on $2.65 Resistance
Momentum Analysis:
$FORM is down -2.90% at $2.39, consolidating near its 24h low of $2.3451 after a recent high of $2.5386. Trading volumes show steady interest: 7.48M FORM / $18.47M USDT, hinting at a possible accumulation phase.
Long Setup:
Entry Zone: $2.34 – $2.40
Targets:
T1: $2.52
T2: $2.58
T3: $2.65
Stop Loss: $2.29
Breakout Confirmation Level: $2.54
Key Support: $2.34
Pro Tip for Traders:
A clean break and hold above $2.54 could confirm momentum toward $2.65. Watch the volume—if it picks up near $2.40, bulls may be stepping back in.
Trading Data Snapshot:
Price: $2.3931 (-2.90%)
24h High/Low: $2.5386 / $2.3451
24h Volume: 7.48M FORM / $18.47M USDT
Order Book Depth Highlights:
$2.6469 | $2.6325 | $2.5836 | $2.5204 | $2.4572 | $2.3931 | $2.3451 | $2.3307
Timestamp: 2025-05-09 08:00