📈 $FORM /USDT - Intraday Trade Setup🤔🔐👇
Current Price: $3.552
Timeframes Used: 4H & 1H
🔍 Technical Overview:👨🏫
⏱️ 1H Chart:📊
Strong bullish momentum with a clean breakout above short-term consolidation.
$FORM Price is currently above all major EMAs (Green 20 EMA, Blue 50 EMA, Yellow 100 EMA, Red 200 EMA).
RSI: 61.31, indicating strength, but nearing overbought zone.
EMAs in perfect bullish alignment (20 > 50 > 100 > 200) — bullish continuation bias.
🕓 4H Chart:
Price broke above previous swing high (~$3.50) and is holding above 3.552.
Strong volume candle confirms bullish interest.
RSI: 62.18, still has room before being overbought.
Support levels:
🔹 Immediate: $3.48–$3.50 (EMA cluster)
🔹 Strong: $3.38 (50 EMA support)
📌 Intraday Trade Plan (Long-biased):
✅ Entry on Dip:
If $FORM price pulls back to $3.48–$3.50 zone, consider long entries with low-risk stop.
🛑 Stop-loss:
Below $3.44 (1H 100 EMA & structure support)
🎯 Targets:
🔸 TP1: $3.60
🔸 TP2: $3.68
🔸 TP3: $3.75 (psychological + next major resistance zone)
📉 Invalidation:
Breakdown below $3.44 with volume = bullish structure invalid.
🧠 Pro Trader Tip:
"Follow strength but respect RSI zones. If price consolidates above $3.55, expect another impulsive leg up."
🧭 Market Sentiment:
Current momentum is bullish, with buyers stepping in on dips. EMA structure supports trend-following setups.
📚 This is not financial advice. DYOR (Do Your Own Research) before trading. Market conditions can change rapidly.
"Patience in setup selection is more profitable than excitement in execution." 💡
