$FORM /USDT – 1H Chart Analysis
Trend Overview:
Current price is 1.2259 USDT, up 23.78% in the last 24 hours. Strong bullish momentum, but signs of exhaustion are emerging.
Key Levels:
- 24h High: 1.4800
- 24h Low: 0.9078
- Support Zone: 1.0516–1.10 (Bollinger lower band)
- Resistance Zone: 1.2497–1.4478 (mid to upper Bollinger band)
Indicators:
- Bollinger Bands (20,2):
Price rejected from upper band (1.4478) and is now below mid-band (1.2497), suggesting cooling momentum.
- MA(5) and MA(10):
Values are extremely high (likely volume-based or misconfigured), not useful for price tracking in this context.
Volume:
- FORM Volume: 83.80M
- USDT Volume: 105.70M
Volume spike confirms breakout, but tapering volume may indicate a short-term top.
Trade Setup Idea:
If price reclaims 1.2497 with volume, retest of 1.4478 is possible.
Failure to hold above 1.20 could trigger a pullback toward 1.10–1.05 support zone.
Risk Note:
Avoid chasing pumps. Wait for consolidation or volume divergence before entry.
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