$FORM /USDT – Short-Term Structure After Volatile Spike

Market Context

FORM saw a strong impulsive push followed by a sharp rejection from the local top (~0.45). Price is now trading around 0.3815, sitting in a short-term consolidation after a V-shaped recovery from the lows near 0.35.

Technical Structure

Trend (Lower TF – 15m):

Short-term structure is bearish to neutral. Price is printing lower highs after the rejection, suggesting supply pressure remains.

Impulse & Retrace:

The aggressive sell-off was followed by a bounce, but the recovery failed to reclaim key resistance, indicating this is likely a pullback, not a trend reversal.

Liquidity:

Liquidity was swept below ~0.36, followed by a reaction. However, upside liquidity above 0.41–0.43 remains unclaimed.

Key Levels

Resistance:

0.395 – 0.405 (local supply / previous breakdown zone)

0.420 – 0.435 (major rejection area)

Support:

0.370 – 0.360 (short-term support)

0.345 – 0.350 (liquidity sweep low)

Trade Scenarios

Bearish Continuation (Preferred):

Entry Zone: 0.395 – 0.405

Targets:

TP1: 0.370

TP2: 0.355

TP3: 0.345

Invalidation: Clean acceptance above 0.420

Bullish Reversal (Confirmation Needed):

Only valid if price reclaims and holds above 0.420 with strong volume

Otherwise, upside moves are considered corrective

Outlook

As long as 0.42 is not reclaimed, FORM remains vulnerable to another leg down toward the liquidity lows. Current price action favors sell-the-rallies rather than chasing longs.

⚠️ Wait for confirmation at resistance — patience here is key.