formal

$FORM is having a classic "what goes up must come down" moment as it heads back to earth.
Formal (FORM) is showing a bit of a hangover after its recent rally, currently trading at 0.2379 with a 4.76 percent gain still hanging on. It reached a daily high of 0.2483 but hit a wall of sellers and is now sliding down the chart faster than a kid on a water slide. It is essentially the digital version of someone who won a race but then tripped over the finish line.
The chart shows a sharp rejection at the top, and that big red arrow is pointing toward a deeper correction. If it cannot find a solid floor near the 0.2300 mark, it might decide to go all the way back to the 0.2169 lows to see if anyone is still interested. For now, the momentum is looking a bit winded.
Target 1: 0.2300
Target 2: 0.2240
Target 3: 0.2170
#form #formal #crypto