🚨Red alert with $FORM /USDT!🚨 We are seeing a drop of -4.84%, trading at $2.68. It seems that the bears are taking control, and the manipulation is quite evident in the flow of money.
The chart shows a clear downward trend, with the price below the moving averages of 7, 25, and 99 periods, indicating strong selling pressure. The MACD is in negative territory, confirming the bearish sentiment.
The most concerning aspect is the flow of money: large sales far exceed purchases (13,318 vs 7,570), and the money inflow shows an alarming net outflow of -160,779 in the last 5 days, with -38,474 in the last 24 hours. This screams manipulation and significant capital outflow!
The level of $2.6770 (24h low) is crucial. If it doesn't hold, we could see a deeper drop. Traders should be very attentive to any signs of reversal, although for now, the outlook is bearish. It is not the time to look for entries but to manage risk if you are already in.
Patience and caution will be key. Don't jump into the pool if the water is frozen.
