$FORM /USDT BEARISH TECHNICAL ANALYSIS ⚠️📉

Current Price: $2.75

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🔑 Key Levels:

Support: $2.6700 (24h Low)

Resistance: $2.8118 (24h High)

Moving Averages:

MA(7): $2.7472 ✅ (just below price — minor support)

MA(25): $2.7318 ✅

MA(99): $2.7641 ❌ (price failing to hold above this long-term MA — bearish sign)

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📊 Market Outlook:

FORM is showing signs of weakness, trading under the MA(99) and down -0.59% in 24h. Bulls are losing steam near the $2.76 resistance area. A break below $2.73 may trigger further downside.

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💼 Trade Setup - SHORT Entry:

Entry: $2.73 (below MA(25) support)

Take Profit Targets:

1st TP: $2.67 (24h Low)

2nd TP: $2.62 (next support zone)

Stop Loss: $2.78 (above MA(99) & local resistance)

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⚠️ Risk Management:

Keep risk per trade within 1-2% of total capital

Place SL above local resistance to avoid whipsaws

Confirm bearish setup with declining volume or MACD crossover

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Stay cautious and follow your trading plan! 📉🧠 #FORM #CryptoAnalysis #BearishSignal #CUDISBinanceTGE #BlackRockETHPurchase #CryptoAnalysisUpdate #CircleIPO $FORM