$FORM USDT – BEARISH MOMENTUM TAKING CONTROL AS SUPPORTS START TO CRACK!
Current Price: 2.6357 USDT
$FORM /USDT is showing signs of weakness, with the price slipping below key intraday levels. The downward pressure is increasing as buyers struggle to hold above immediate supports.
Key Support Levels:
2.6200 – Immediate minor support
2.6000 – Critical psychological support
2.5600 – Next major downside zone
Key Resistance Levels:
2.6550 – Minor intraday resistance
2.6800 – Strong resistance zone
2.7000 – Key resistance for trend reversal
Trade Setup (Short Bias):
Entry: 2.6390 – 2.6450
Take Profits:
TP1: 2.6200
TP2: 2.6000
TP3: 2.5600
Stop Loss: 2.6650
Market Outlook:
FORM is trading within a narrowing range but recently broke below mid-level supports around 2.6414, indicating growing bearish sentiment. Unless bulls reclaim 2.6800+ soon, downside pressure may persist in the near term.
Risk Management:
Risk 1–2% of your capital per trade. Stick to the plan, and don’t average down losing positions. Always use a Stop Loss.
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