$FORM /USDT – Bearish Reversal Opportunity

Current Price: $2.4612

Entry Zone: $2.48–$2.50

Final Target: $2.25

Stop Loss: $2.58

Setup Breakdown:

FORM/USDT experienced a sharp rally, reaching a high of $2.6555 before facing strong resistance. The price is now forming a potential lower high, indicating weakness in bullish momentum. The 15-minute chart shows a rejection at key resistance, with wicks suggesting sellers are in control.

Why Short Now?

🔻 Rejection at $2.65 – A strong resistance zone where price failed to hold.

🔻 Lower High Formation – Signals a shift in momentum toward the downside.

🔻 Decreasing Volume – Bullish exhaustion suggests weaker buying pressure.

🔻 Previous Support Flip – $2.38 is a key level; a breakdown could accelerate the decline.

Trade Plan:

Entry: Consider shorting between $2.48–$2.50 on minor retracements.

Targets: First take profit at $2.30, final target at $2.25.

Stop Loss: Place above $2.58 to minimize risk.

Watch for: Increased volume confirmation on breakdown below $2.38.

Pro Tip:

If FORM breaks below $2.30 with strong volume, it could extend losses toward $2.10. Adjust stop-loss accordingly to secure profits.

Sell & Trade here on $FORM

#FORM #CryptoTrading #ShortSetup #BearishTrend #RiskManagement