$FORM /USDT VOLATILE RANGE SETUP — BEARISH UNDER PRESSURE
FORM is currently trading at $2.9501 after multiple failed attempts to sustain above the $3.00 resistance level. Price has been fluctuating within a tight range between $2.93 and $3.02, forming lower highs and showing signs of weakness. The market structure on the 30m chart reflects indecision, but the recent rejection from the top signals bearish pressure.
LONG TRADE SETUP (Only if breakout confirmation above resistance occurs)
Entry: $3.03
Targets: $3.09 / $3.15
Stop Loss: $2.97
SHORT TRADE SETUP (If rejection continues and support breaks)
Entry: $2.94
Targets: $2.88 / $2.83
Stop Loss: $2.985
Predictions and Outlook:
As long as price remains below $2.97–$3.00, the market favors bears. However, a strong candle close above $3.03 could flip sentiment into a bullish breakout. Until then, traders should be cautious and avoid premature entries.
Pro Tip:
Let the chart speak first. React to confirmation, not assumptions. Trade the breakout or breakdown, not the noise within the range.