Looking at the FORM chart, you can observe an interesting phenomenon—the price forms a quite obvious double bottom pattern after falling to around 0.3664. This is a typical bullish reversal signal.
The subsequent rebound directly broke through the previous downtrend line, and this breakout point is very critical—it marks the trend shifting from downward to upward.
Let's verify with indicators. The MACD DIF line has clearly crossed above the DEA line, and a golden cross has already formed. The On-Balance Volume (OBV) is also rising in sync, indicating that funds are entering at low levels to support the subsequent upward movement with trading volume.
From a trading perspective: The current price is at 0.4218, with the first target set at 0.46, and the second target aiming at 0.50. The stop-loss is placed at 0.38—this is the recent rebound initiation point; falling below it essentially means the rebound trend might come to an end.
When executing this trade, it’s advisable to control risk carefully, not exceeding 5% of the total capital.
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DegenApeSurfer
· 01-11 03:54
Double bottom has formed. Can FORM hold up to 0.46 this time? It seems like it also depends on whether OBV is strong enough.
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Layer2Arbitrageur
· 01-10 14:52
lmao the double bottom thesis is cute but have you actually run the liquidation cascade probabilities through a proper bayesian model? feels like missing ~200bps of edge here ngl
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LeverageAddict
· 01-10 14:49
I've seen this double bottom breakout and golden cross combo too many times. The key is whether we can hold the 0.38 line; if we can't, it's just a false breakout.
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BugBountyHunter
· 01-10 14:40
Double bottom reversal? If it drops again this time, I'll laugh. This coin FORM is too mischievous.
Looking at the FORM chart, you can observe an interesting phenomenon—the price forms a quite obvious double bottom pattern after falling to around 0.3664. This is a typical bullish reversal signal.
The subsequent rebound directly broke through the previous downtrend line, and this breakout point is very critical—it marks the trend shifting from downward to upward.
Let's verify with indicators. The MACD DIF line has clearly crossed above the DEA line, and a golden cross has already formed. The On-Balance Volume (OBV) is also rising in sync, indicating that funds are entering at low levels to support the subsequent upward movement with trading volume.
From a trading perspective:
The current price is at 0.4218, with the first target set at 0.46, and the second target aiming at 0.50. The stop-loss is placed at 0.38—this is the recent rebound initiation point; falling below it essentially means the rebound trend might come to an end.
When executing this trade, it’s advisable to control risk carefully, not exceeding 5% of the total capital.