🔥$FORM is consolidating nicely with a solid bullish bias, appearing to coil up for a potential move.

Volume has been declining during this sideways action, a classic pattern for low-volume consolidation that often precedes a breakout. The 24-hour volume at 34M is decent, indicating moderate participation.

Capital flows present a mixed picture. Contract outflows are at -314k over 24 hours, suggesting leverage players may be taking profits or hedging positions. In contrast, spot flows have flipped positive at +14.7k, indicating quiet retail accumulation.

My current read on $FORM is a cautious long. The overall bias leans bullish, but it's not signaling an aggressive buy yet.

Entry ideas:
Aggressive Entry: Consider current levels around 0.3320–0.3340, but ensure risk management is very tight.
Safer Entry: Await a retest of the 0.316–0.320 support zone, which shows confluence with the 24-hour low and MA20.

SL: 0.3200–0.3220 area.

Targets for $FORM:
1st Target: 0.3441 (immediate resistance at the 24-hour high).
Stretch Target: 0.3986 (if a strong volume-backed surge occurs).

Key watch points: A decisive break above 0.3441 on good volume could lead to rapid upward movement. However, if $FORM fails to hold the MA20 (around 0.3317), the bullish thesis would be invalidated.

Given the choppy nature of this asset, size your positions accordingly and avoid chasing pumps. This analysis is for informational purposes; always do your own research (DYOR) and trade smart! 🚀📈

#FORM #formusdt #four