📉 $FORM /USDT – Short Strategy Signal
Current Price: $FORM 2.7235
24h High: $2.7991
Resistance Zone: $2.75 – $2.82
MA(7): 2.7352 | MA(25): 2.6313 | MA(99): 2.4573
🔍 Technical Outlook
FORM is struggling to hold above the $2.75 resistance zone. Recent price action shows rejection near the top, and volume is not supporting a sustainable breakout. Price is also showing signs of compression between MA(7) and MA(25), signaling a potential retracement.
Trade Setup (Short)
Entry Zone: $2.73 – $2.76
Stop-Loss: $2.83 (above resistance zone)
Take Profit Targets:
• TP1: $2.63
• TP2: $2.52
• TP3 (Extended): $2.42
Risk Management
This is a short-term retracement play. Ensure proper risk management with a tight SL as FORM can be volatile. Use low leverage and monitor closely.
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