๐ ๐ฉธ$FORM SHORT TRADE SETUP โ ๏ธ๐
Traders, FORM is showing clear bearish pressure around $0.3456, creating a clean short opportunity as sellers dominate the current market structure ๐ป๐ฅ.
๐ Market Context
FORM has been trading inside a descending range, with price repeatedly getting rejected between $0.3475 โ $0.3500 ๐ฐ๐ป.
Momentum continues shifting downward as sellers step in at every bounce, signaling weakness and a likely continuation to lower levels.
๐ Technical Overview
MACD: Bearish crossover active โ momentum favoring downside ๐๐
RSI: Trending downward with more room before oversold territory ๐
Volume: Red candles increasing โ distribution phase strengthening ๐
โก Trade Setup
Entry: $0.3456 ๐ป
Stop Loss: $0.3489 โ
TP1: $0.3410 ๐ก
TP2: $0.3375 ๐
TP3: $0.3320 ๐ฅ
๐ก๏ธ Risk Management
FORM can be volatile โ use controlled position sizing โ๏ธ
Watch overall market conditions โ strong BTC pumps can squeeze shorts โ ๏ธ
After TP1 hits, move SL to breakeven to secure a risk-free downside continuation trade โ
