BTCFDUSD appears downtrend๐ Analyzing **FDUSD** across multiple timeframes:
**22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**.
๐ FDUSD appears to be in a downtrend and showing signs of further decline.
If the key support level fails to hold, we may see an extended drop.
๐ป Key Levels to Watch:
๐น **Immediate Support:** Key demand zone holding price.
๐น **Resistance Levels:** Any bounce should be monitored for rejection zones.
๐ Stop Loss should be placed above key resistance levels to manage risk.
๐ We are using trend analysis, volume confirmation, and price action to identify this setup.
FDUSDโs movement aligns with lower highs, indicating sustained selling pressure.
**Bearish View:** Expecting further decline if support breaks.
**Bullish View:** Only a confirmed breakout above resistance can reverse the trend.
โ ๏ธ A cautious approach is advised! Watch for price action confirmation before entering. ๐จ
โ ๏ธ **Note:** If FDUSD breaks below support, it could accelerate the downtrend. โ ๏ธ
๐ **Be sure to follow the updated ideas for real-time insights!** ๐
โฐ **Analysis Time:** FDUSD across multiple timeframes.
โ๏ธ **Do not forget to set a Stop Loss** for risk management! Protect your capital! ๐ BTUSD