FORM SHORT

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.