$FARM /USDT — 15M Market Structure Read
FARM printed a sharp impulse move into 17.90, followed by a controlled pullback — classic momentum expansion → digestion sequence. The rejection from highs flushed late longs, but importantly, price never lost structural support, signaling distribution did not take control.
Buyers stepped back in aggressively around 17.20–17.30, forming a defended demand zone. That area held multiple tests, and price has since reclaimed the short-term MAs, showing acceptance back above value.
Defended support:
17.20–17.30 → buyers absorbed sell pressure, higher low confirmed
Current consolidation:
17.35–17.45 → tight range, volatility compression after the pullback
Resistance ahead:
17.75–17.90 → prior spike high / supply zone
Acceptance above reopens continuation toward 18.30+
Bias: Bullish continuation as long as 17.20 holds
Caution level: A sustained loss of 17.20 would weaken the trend and rotate FARM back into a broader range.
Overall, the tape favors continuation. Pullbacks are getting bought, sellers lack follow-through, and structure remains intact. If volume expands on a push through 17.75, FARM can transition from consolidation back into trend mode quickly.
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