$FORM has shown signs of exhaustion after a strong upward move, now breaking below the ascending trendline support on the 30-minute chart. The price rejection near $1.35–$1.36 marks a potential local top, suggesting a short-term bearish correction as momentum shifts from buyers to sellers.

Trade Setup
Entry Zone: $1.315 – $1.320
Target 1: $1.260
Target 2: $1.220
Target 3: $1.200
Stop-Loss: $1.360

Despite strong gains earlier (+17% daily), $FORM is entering a cooldown phase after overextension. A confirmed breakdown below $1.30 could trigger accelerated selling toward $1.20 support. Traders should watch for volume confirmation — any weak rebound attempts could act as short entries within the breakdown zone.