$FORM $0.298 – Confirmed Breakdown, Weak Recovery Chances
$FORM experienced long liquidation near $0.298, confirming a breakdown from its previous range. This move shows that buyers failed to defend key support levels, and sellers are currently in control. Any bounce from this area should be considered corrective rather than a trend reversal.
For strength to return, price must reclaim and hold above $0.31. Until that happens, upside moves may face strong selling pressure. If price fails to hold the $0.295–$0.300 zone, further downside movement is likely.
EP: $0.295 – $0.300
TP: $0.322 → $0.345
SL: $0.284
Trend remains weak, trade carefully.
