$FORM — explosive bounce after deep pullback
Price: 0.3392
24h Move: +18.60%
Intraday High / Low: 0.4199 / 0.2691
What’s happening
$FORM printed a strong impulsive move straight out of the 0.27 demand zone, supported by a clear volume surge. The candle structure shows aggressive buying after a prolonged decline. Price has reclaimed short-term moving averages, but it’s now sitting near a major reaction area where sellers previously stepped in.
Key Levels
Support: 0.300 – 0.290
Major Support: 0.270
Resistance: 0.360 – 0.375
Major Resistance: 0.410 – 0.420
Trend
Short-term bullish, but the higher-timeframe trend is still corrective. This looks like a sharp reversal attempt rather than full confirmation.
Trade Idea (If / Then)
If price holds above 0.300 and builds structure, continuation toward 0.360–0.375 is possible.
If price fails to hold 0.290, the move risks turning into a dead-cat bounce, with downside back toward 0.270.
Momentum is strong, but after such a vertical move, patience matters. Confirmation > FOMO here.
