$FORM moved down precisely as anticipated.
Plan – Short $FORM
Entry: 0.355 – 0.365
TP1: 0.335
TP2: 0.310
SL: 0.385
Price faced a firm rejection near the 0.388 resistance level, with momentum shifting to the downside. After the aggressive upside move, supply has entered the market and sellers are gaining control.
If price is unable to break back above 0.370, the bearish continuation remains likely toward the 0.335 – 0.310 liquidity pocket. Current market structure supports an extended corrective move lower.
Plan – Short $FORM
Entry: 0.355 – 0.365
TP1: 0.335
TP2: 0.310
SL: 0.385
Price faced a firm rejection near the 0.388 resistance level, with momentum shifting to the downside. After the aggressive upside move, supply has entered the market and sellers are gaining control.
If price is unable to break back above 0.370, the bearish continuation remains likely toward the 0.335 – 0.310 liquidity pocket. Current market structure supports an extended corrective move lower.