🔥 $FORM — Long under pressure of resistance. Is there a continuation of growth?
Brief:
On the 1H timeframe, FORM/USDT maintains a locally bullish structure. The price 0.3365 confidently holds above EMA21 and approaches key resistance at 0.3416. The momentum is strong, but indicators are already hinting at a possible short-term pause.
📊 Indicators (brief):
EMA(21): 0.3285 — price above, bullish trend
RSI(14): 62.16 — strong momentum, close to overbought
MACD: bullish, histogram in positive
StochRSI: 94.87 — possible local pullback
🧠 Trading plan
Main scenario — LONG when holding above 0.3320 and breaking through resistance.
🎯 Targets:
0.3410 → +1.34%
0.3450 → +2.93%
0.3500 → +3.94%
📍 Entry points:
Conservatively: pullback to 0.3320
Aggressively: entry at market 0.3365
🛑 Stop-loss:
0.3280 — below EMA21 and local support
✅ Conclusion:
FORM looks strong, but due to overbought conditions, it is optimal to work from a pullback. A break of 0.3416 will open the way for accelerated growth. Manage risks and do not overload the position.
Spot trading 👉$FORM
Futures 👇
