🚨 $FORM Rejected from $0.30 Supply Zone
$FORM printed a strong rally into the $0.30 resistance and got rejected hard. On the 1H timeframe, price is now showing a bearish pullback with lower high formation, signaling weakness after the push up.
As long as price stays below $0.280, continuation toward mid-range support becomes increasingly likely.
📉 Trade Plan – SHORT $FORM
Entry Zone: $0.270 – $0.280
Stop Loss: $0.305
Targets:
🎯 TP1: $0.250
🎯 TP2: $0.230
🎯 TP3: $0.210
📌 Failure to reclaim $0.280 keeps bears in control.
👉 Buy and Trade $FORM
$FORM printed a strong rally into the $0.30 resistance and got rejected hard. On the 1H timeframe, price is now showing a bearish pullback with lower high formation, signaling weakness after the push up.
As long as price stays below $0.280, continuation toward mid-range support becomes increasingly likely.
📉 Trade Plan – SHORT $FORM
Entry Zone: $0.270 – $0.280
Stop Loss: $0.305
Targets:
🎯 TP1: $0.250
🎯 TP2: $0.230
🎯 TP3: $0.210
📌 Failure to reclaim $0.280 keeps bears in control.
👉 Buy and Trade $FORM