📈 FARTCOIN/USDT - 4H Chart Analysis
FARTCOIN has successfully broken above the descending trendline, signaling a potential shift in market structure. The current price action is showing strong bullish momentum after reclaiming the key support zone around $1.05–$1.08 (highlighted in blue).
🔹 Bullish Scenario:
Price is expected to retest the breakout zone before continuing its upward movement. A successful retest could lead to a rally towards the next major resistance level at $1.3388, which aligns with a previous supply zone.
🔹 Key Levels:
Support: $1.05–$1.08 (zone)
May Low: $0.9295
Resistance Target: $1.3388
🔹 Market Structure:
The downtrend has been invalidated with a strong breakout, and higher highs/lows are forming. As long as the price holds above the blue zone, the bullish bias remains valid.
🚨 Watch for confirmation on the retest before entering. A strong bullish candle off support would be an ideal entry trigger.
FARTCOIN has successfully broken above the descending trendline, signaling a potential shift in market structure. The current price action is showing strong bullish momentum after reclaiming the key support zone around $1.05–$1.08 (highlighted in blue).
🔹 Bullish Scenario:
Price is expected to retest the breakout zone before continuing its upward movement. A successful retest could lead to a rally towards the next major resistance level at $1.3388, which aligns with a previous supply zone.
🔹 Key Levels:
Support: $1.05–$1.08 (zone)
May Low: $0.9295
Resistance Target: $1.3388
🔹 Market Structure:
The downtrend has been invalidated with a strong breakout, and higher highs/lows are forming. As long as the price holds above the blue zone, the bullish bias remains valid.
🚨 Watch for confirmation on the retest before entering. A strong bullish candle off support would be an ideal entry trigger.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.