$FORM The chart you shared shows Formation Fi (FORM/USDT) on the 15-minute timeframe. Based on the visible indicators and price structure, the short-term trend looks bullish.
📊 Technical Analysis (15m)
Current Price: ~0.221
Supertrend (10,3): ~0.2100 → Price is above it (bullish signal)
The chart shows higher highs and higher lows, indicating upward momentum.
Order book: ~55% buyers vs ~44% sellers → slight buy pressure.
🔑 Key Levels
Resistance: 0.2230 – 0.2250
Next Resistance: 0.2300
Support: 0.2150
Strong Support: 0.2100 (near Supertrend)
📈 Possible Trade Setup (Short Term)
Entry Zone: 0.218 – 0.221
Take Profit 1: 0.225
Take Profit 2: 0.230
Stop Loss: 0.214
🚀 Breakout Scenario
If price breaks and holds above 0.2230 with volume, it could move toward 0.23 – 0.235.
⚠️ Risk Scenario
If price drops below 0.215, it may retrace to around 0.210 support.
✅ Summary:
Short-term trend is bullish, but entering after a small pullback or a breakout confirmation would be safer.