$FORM is undergoing a quite healthy adjustment phase after the recent strong increase; however, the main trend remains positive.
On the H1 chart, a strong surge from 0.295 to 0.455 can be observed, and the price is currently recovering to the EMA7-EMA25 zone around 0.42-0.40. The higher high - higher low structure is still maintained, with no signs of a breakout.
It is suggested to buy in the range of 0.405 - 0.420 with profit targets (TP) of 0.455, 0.485, and 0.520 respectively. At the same time, set a Stop Loss at 0.385 to protect profits.
Priority is given to buying according to the buy-the-dip strategy following the uptrend, only to be canceled if the price closes H1 candles below 0.385, which would disrupt the higher low structure.
Please monitor the $FORM transaction on Binance for detailed updates.
#FORM #Positive #Recovery
FORMUSDT
Current price: 0.424
Increase +34.86% from the peak.
⭐️ Register for a Binance account to receive a 20% rebate on Spot, Futures, and Margin trading fees permanently:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8
On the H1 chart, a strong surge from 0.295 to 0.455 can be observed, and the price is currently recovering to the EMA7-EMA25 zone around 0.42-0.40. The higher high - higher low structure is still maintained, with no signs of a breakout.
It is suggested to buy in the range of 0.405 - 0.420 with profit targets (TP) of 0.455, 0.485, and 0.520 respectively. At the same time, set a Stop Loss at 0.385 to protect profits.
Priority is given to buying according to the buy-the-dip strategy following the uptrend, only to be canceled if the price closes H1 candles below 0.385, which would disrupt the higher low structure.
Please monitor the $FORM transaction on Binance for detailed updates.
#FORM #Positive #Recovery
FORMUSDT
Current price: 0.424
Increase +34.86% from the peak.
⭐️ Register for a Binance account to receive a 20% rebate on Spot, Futures, and Margin trading fees permanently:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8
