Yo everyone,
$FORM looking straight fire on the bull side, though it's pushing those super overbought vibes hard.
That volume's been backing the run-up big time—like that fat green candle jumping from 0.3542 to 0.3697 on 7.66M, the biggest in the data. Solid stuff for the trend, but the latest 1H is way lighter, so maybe the rocket's taking a breather.
Flows are mostly screaming buy: contracts are stacked with inflows like +565K in 1H and +936K over 24H—new money flooding futures. Spot's kinda mixed but still net positive at +219K in 24H. Overall, it's adding serious fuel to the bull case, with those tiny short-term dips like -8.8K in 5m just background chatter.
Staying cautiously bullish
$FORM here, but gear up for a possible dip—trend's killer strong, yet RSI, KDJ, %B are all flashing red-hot overbought. Jumping long right now? Sketchy risk.
For entries: If you're aggressive, snag it on a light pullback to 0.355-0.360 (around MA5, old resistance flipped support), and hunt for a hammer or engulfing on 1H to confirm. Safer play? Wait for a deeper drop to 0.3470-0.3500 (Support meets MA10) for better odds and setup.
Stops: Drop it 3-4% below entry—like at 0.3450 if you're in around 0.3575 (~3.5% risk). Volatility's up (ATR 0.00616), so it guards against fakes or bigger slides.
Targets
$FORM : Hit Resistance at 0.3823 first (~6.8% from 0.3575), bag some profits there. Then aim for next resistance at 0.3943 (~10.3%) if it keeps going.
Bottom line: This bull run's powered by killer inflows, but overbought means a cooldown dip's likely before more upside. Don't chase highs—wait for supports to load up long. If it smashes past 0.3770 (24h high) on fresh volume without dipping, maybe nibble with a tight stop, but yeah, riskier.
#FORM #formusdt #four