$FORM /USDT REJECTION FROM SUPPLY — BEARS IN CONTROL NOW 🔻
$FORM attempted a breakout above the $3.00 resistance zone but faced a strong rejection, resulting in a sharp bearish engulfing candle. The price spiked into the supply zone and was instantly pushed down, indicating heavy selling pressure and confirming a failed breakout.
Trade Setup:
Entry Zone: $2.96 – $2.98
Take Profit (TP): $2.90 / $2.86
Stop Loss (SL): $3.01
Market Outlook:
The strong rejection from the supply zone coupled with a clear wick trap indicates bearish momentum is taking over. If the price breaks below the lower support range near $2.94 again, a further drop is likely. Watch for volume on breakdowns to confirm.
Pro Tip:
Always be cautious near key resistance levels — false breakouts often lead to aggressive reversals. Let the chart confirm the move before entering!
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
#CryptoTrading #FORMUSDT #BearishSignal #AltcoinSetup #BinanceAnalysis
