Current Situation:
Bonfida (FIDA) is showing signs of forming a long-term bullish trend after a correction. The price is holding above key support levels, and trading volume is increasing amid a broader crypto market recovery.
Trade Parameters:
Rationale:
Technical Analysis:
Fundamental Drivers:
Risk Management:
Conclusion:
This trade offers high upside potential with controlled risk. $0.066 is an optimal entry, with $0.055 as protection. First target $0.25, followed by a massive rally to $2.00 if Bitcoin halving and a bull market align.
🚀 Dynamic stops and risk control = key to success!
Bonfida (FIDA) is showing signs of forming a long-term bullish trend after a correction. The price is holding above key support levels, and trading volume is increasing amid a broader crypto market recovery.
Trade Parameters:
- Entry Price: $0.0660
- Stop Loss: $0.0550 (~16.6% risk)
- First Take-Profit (TP1): $0.25 (~+279%)
- Second Take-Profit (TP2): $2.00 (~+2930%)
Rationale:
Technical Analysis:
- $0.066 – Accumulation zone after the correction.
- $0.055 – Strong support (former resistance, D1 EMA200).
- $0.25 – Key resistance level (previous highs after correction).
- $2.00 – Long-term target upon breakout above $0.25.
Fundamental Drivers:
- Bonfida is a native token in the Solana ecosystem (decentralized domains, trading tools).
- Growing interest in Solana could push FIDA to new highs.
Risk Management:
- Risk per trade: No more than 1-2% of capital.
- Trailing stop: After reaching $0.25, move stop to breakeven or $0.15.
- Partial exit: Close 30-50% at TP1, hold the rest for $2.00.
Conclusion:
This trade offers high upside potential with controlled risk. $0.066 is an optimal entry, with $0.055 as protection. First target $0.25, followed by a massive rally to $2.00 if Bitcoin halving and a bull market align.
🚀 Dynamic stops and risk control = key to success!
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.
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.