Long
$Form attempting breakout
FORM breaking downward trend with low volume, selling pressure still over -200k in negative distribution. Stop loss and take profit targets on green and red arrays respectively, watch the levels closely. Formation Fi is a DeFi project that aims to take yield farming to another level by integrating the risk parity strategy first implemented by billionaire hedge fund manager Ray Dalio for stock markets. The yield farming protocol developed by Formation Fi distributes risk across multiple uncorrelated assets within the crypto space. Nothing too special in terms of the fundamental use case of the coin but it might have found a bottom so it’s worth ‘trading’ rather than investing.
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