FORM Faces Selling Pressure — Is Another Downside Move Developing?
FORM is trading near $0.2224, down 0.40%, with price struggling to recover above the $0.2240 resistance area.
A weak recovery into resistance could create a potential short opportunity if sellers continue to defend the zone.
Trade Setup: Bearish Resistance Rejection
EP: $0.2240–$0.2250
TP1: $0.2220
TP2: $0.2200
TP3: $0.2180
SL: $0.2265
Market Structure & Liquidity Analysis
The $0.2240 region is the key resistance, while $0.2200 represents a nearby downside liquidity target. A confirmed rejection could strengthen the bearish continuation scenario.
A sustained breakout above $0.2265 would invalidate the bearish setup. Traders should wait for confirmation and maintain disciplined risk management.
#FORM #CryptoTrading #Altcoins #FuturesTrading #MarketAnalysis
FORM is trading near $0.2224, down 0.40%, with price struggling to recover above the $0.2240 resistance area.
A weak recovery into resistance could create a potential short opportunity if sellers continue to defend the zone.
Trade Setup: Bearish Resistance Rejection
EP: $0.2240–$0.2250
TP1: $0.2220
TP2: $0.2200
TP3: $0.2180
SL: $0.2265
Market Structure & Liquidity Analysis
The $0.2240 region is the key resistance, while $0.2200 represents a nearby downside liquidity target. A confirmed rejection could strengthen the bearish continuation scenario.
A sustained breakout above $0.2265 would invalidate the bearish setup. Traders should wait for confirmation and maintain disciplined risk management.
#FORM #CryptoTrading #Altcoins #FuturesTrading #MarketAnalysis