$FORM /USDT Technical Analysis Update and Best Trading Strategy ๐Ÿง‘โ€๐Ÿ’ป ๐Ÿ” ๐Ÿ‘‡

Current Price: $2.7605

Timeframe: 1H & 4H

๐Ÿงฉ Trend Overview:

$FORM is showing early signs of a short-term recovery after a downward correction. On the 1H chart, the price is attempting to reclaim the 20 EMA after bouncing from the $2.68 support. The last few candles show strength with higher lows forming.

๐Ÿ” Key Observations:๐Ÿง‘โ€๐Ÿ’ป

MACD (1H): Bullish crossover formed. Histogram rising โฌ†๏ธ (Positive momentum building).

RSI (1H): 55.41 โ€” Forming bullish structure, heading back above midline.

MA/EMA (1H): Price trying to flip 20 EMA ($2.74) into support. Next challenge is the 50 MA ($2.77).

4H Chart: Buyers defending $2.70 support. Price bounced from 200 EMA and is now testing the 20 EMA again.

๐Ÿง  Strategy Plan:๐Ÿ”ฅ

โœ… Buy Zone: $2.73 โ€“ $2.75

๐ŸŽฏ Targets: $2.79 โ€“ $2.84 โ€“ $2.91

โŒ Stop-loss: $2.70 (if candle closes below with volume)

๐Ÿ“Œ Why Bullish?๐Ÿค”๐Ÿ”ฅ

Bullish RSI divergence + MACD crossover signals on lower timeframe.

Consistent volume pickup with small-body bullish candles โ€” signs of accumulation.

โš ๏ธ Risk Note:

If $FORM price faces rejection from $2.77โ€“$2.79 area and fails to hold $2.73, a short retracement toward $2.70โ€“$2.68 can occur again.

๐Ÿ“‰ This post is for educational purposes only. Always do your own research before investing or trading.

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