Technical analysis by ULYSSESTRADER about Symbol FORM: Sell recommendation (10/16/2025)

1. Chart Context Pair: FORM/USDT Timeframe: 1h Current Price: ≈ 0.9868 USDT The market recently dropped from resistance zones and is now retesting. 2. Trade Setup This is a short entry, expecting the price to fall again after rejection: Entry Zone: Around 0.98–0.99 USDT (current consolidation area). Stop Loss (SL): 1.0458 USDT (top of the red box). If the price rises above this, the short setup fails. Take Profit (TP): 0.9191 USDT (bottom of the green box). The trader is targeting the next support level. 3. Risk/Reward Ratio Risk (SL distance): ~0.059 USDT Reward (TP distance): ~0.068 USDT R:R ratio ≈ 1.15:1 A moderate setup, with slightly more reward than risk. 4. Support & Resistance Resistance Zones: 1.05 and higher (price struggled to hold above these levels). Support Zone: Around 0.92 USDT (clear demand zone marked by green box). The trade idea is that price will reject the retest of resistance and return to support.