#FARTCOINUSDT remains weak — expecting further downside📉 SHORT BYBIT:FARTCOINUSDT.P from $0.4570
🛡 Stop Loss: $0.4865
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:FARTCOINUSDT.P remains under selling pressure, forming a downtrend. The price is testing the $0.4570 level, which previously acted as support, but the market remains weak.
➡️ POC (Point of Control) at $0.5449 indicates the main liquidity zone, far above the current price. This suggests seller dominance, with major trading activity still at higher levels.
➡️ A breakdown of $0.4570 would trigger further downside, opening the way to $0.4350 – $0.4168.
➡️ The $0.4168 level is a key support, where buyers previously showed interest.
⚡ Plan:
➡️ Enter SHORT from $0.4570 after confirming a breakdown.
➡️ Stop-Loss at $0.4865, placed above the nearest resistance.
➡️ Key downside targets: $0.4350 and $0.4168.
🎯 TP Targets:
💎 TP 1: $0.4350
🔥 TP 2: $0.4168
🚀 BYBIT:FARTCOINUSDT.P remains weak — expecting further downside!
📢 The market structure remains bearish. Volume continues to decline, confirming the weakening buying interest.
📢 However, a short-term bounce at $0.4168 is possible. If significant volume appears at this level, a brief return to $0.4350 could occur, but the overall movement remains downward.
📢 BYBIT:FARTCOINUSDT.P is in a bearish structure, and unless $0.4570 is reclaimed, we are likely to see further downside movement. A short-term bounce at $0.4168 is possible, but the overall trend remains weak.
