📈 ¡FORM/USDT is Soaring! A Textbook Reversal Followed by a Moon Rally! 🚀
What we are witnessing with $FORM
FORM
3.7812
+11.31%
The 15-minute chart of FORM/USDT is nothing short of a trader's dream — a perfect V-shaped recovery, a bullish breakout, and now a possible consolidation for another upward move.
🔍 The chart tells a powerful story:
After a long bearish trend where $FORM hit bottom near $3.26, buyers intervened with massive volume, igniting a parabolic move up to $3.84! That’s a movement of +17.8% in just a few candles!
💡 Key Technical Points:
✅ Reversal Confirmation: Notice how the price broke above MA(7) and MA(25) with strong green candles. That’s not noise — that’s momentum!
✅ Increased Volume: Volume doesn’t lie. A significant buying interest confirmed that this wasn’t a trap — this was smart money entering.
✅ Healthy Pullback: After touching $3.8483, a slight correction followed by lateral consolidation suggests a bullish flag formation. Smart traders know — this could be the calm before the next storm. 🌪️
✅ Support Zones: MA(25) at $3.67 and MA(99) at $3.45 are now acting as dynamic support levels.
📊 What Could Happen Next?
If $FORM breaks out of this consolidation zone with volume, we could see a re-test of $3.84 — and potentially aim for new intraday highs.
🧠 Advice for Traders: Watch for a breakout candle above the flag range on volume. That’s your signal. Don’t chase the pumps — surf the waves strategically. 🏄♂️
🔥 Conclusion
This chart is a beautiful combination of technical clarity and trader psychology. It’s not just about lines — it’s about momentum, volume, and timing.
📣 Have you traded FORM today? Or are you waiting for the next breakout? Let us know below!
#crypto #Binance #bullish #BullishMomentum