$FORM
$FORM is trading near $0.22257 after a long liquidation event. Long liquidations typically signal downside pressure and forced selling, meaning the market swept liquidity below recent support. Structure currently leans bearish as price failed to sustain above prior range support.
The rejection from mid-range and the flush below support indicate sellers are in control unless $0.23000 is reclaimed decisively.
EP: $0.22100 – $0.22400
TP1: $0.21200
TP2: $0.20500
TP3: $0.19800
SL: $0.23150
Trend structure shows lower highs and breakdown continuation.
Momentum remains bearish with long-side liquidity already taken and no strong reclaim yet.
Failure to recover above $0.23000 increases probability of continuation toward deeper demand levels.
FORM
0.2261
+10.40%