FARTCOINUSDT.P 📊 Pair: FARTCOIN/USDT (1H)
🔴 SHORT
CMP / Entry: 0.8639
Stop Loss (SL): 0.8946
🎯 Take Profits:
TP1: 0.8485
TP2: 0.7890
TP3: 0.7378
TP4: 0.6977
White Lines are Extened TP's
🧠 Technical Outlook
A clear bearish divergence is visible on the 1H chart — price has made a higher high while RSI prints a lower high, signaling a potential momentum fade. RSI currently sits at 67.83, rolling off the overbought zone, indicating room for correction.
Volume shows slight decline, supporting a possible near-term retracement. Price action appears to be stalling beneath resistance.
📌 Strategy
Short from CMP with a tight SL above recent high. Secure partials along target zones. A break of TP1 could trigger a cascade toward deeper support levels.
Leverage: 25x [Your choice, based on risk appetite]
Position sizing: Margin 1–2% of your portfolio
⚠️ Disclaimer
#NFA, DYOR. Margin 1–2% of your portfolio.
Financial markets are subject to high volatility and unpredictable moves. Always trade with a clear risk management plan and avoid overexposure.
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.