$FORM /USDT – Potential for a Bounce?
Current Price: $2.68 (-3.53%)
$FORM is testing support near $2.63 and holding just above its 7MA. Despite the recent dip, the price is showing signs of stabilizing and could start an upward move if it sustains above key moving averages.
Long Setup:
Entry Zone: $2.65 – $2.70
TP1: $2.75
TP2: $2.81
TP3: $2.87
SL: $2.60
Key Observations:
Support confirmed around $2.63
Price close to 7MA, potential for upward momentum
Volume steady with slight pickup on recent candles
Pro Tip:
If FORM closes above $2.70 on the 1H chart, it may confirm a bounce. Traders can trail stops above $2.81 for safer profits.
