$FORM – BEARISH RETEST ZONE! SELLERS STILL IN THE DRIVER'S SEAT

SIDEWAYS WEAKNESS • LOWER HIGH FORMING

$FORM remains under pressure after dropping from the $3.8791 level. Price recently tested a low at $3.7424 and is now making a mild bounce back toward $3.79. However, the move lacks strength, and price action remains choppy with lower highs developing. Volume on the bounce is muted, indicating weak buyer conviction. If $FORM fails to reclaim $3.80, we may see another leg down toward $3.72 or lower.

Short Entry: $3.79

Targets: $3.75 / $3.72

Stop Loss: $3.83

The downtrend remains intact — any bounce here looks like a trap for bulls.

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