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FIOBTC trade ideas

FIO/BTC (Broke Local Support)💎Technical Analysis Summary💎 BINANCE: FIOBTC -FIO broke another key support area around 930s sat -We know this coin is on a strong downtrend -Making a series of lower highs and lower lows -If the Bulls can't show up a fight against the Bears -It will likely to go lower down to 760s sat range -Before hitting the downward trendline of support -So please be cautious entering a trade without any reversal sign A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
8
Bottoming out after massive post-listing and unlock dumpClear patterns of selling exhaustion, with big dumps post listing on Binance and team token unlock. For now most selling seems to have taken place. No further unlocks until the end of the year. Signs of bottoming out and commencement of upward channel to reclaim post-listing highs and subsequent price discovery in mid Q4. Clear goal of 3400 sats to match high volume entries at the beginning of the downward movement (which contained much lower volumes than the initial upward movement). Thus it is likely that the shakeout only worked on smaller traders while big entries on large volume still keep FIO coins even though seemingly being -70% at BTC.
Long
by Goldsworth
FIO/BTC (Potential Trading Plan)BINANCE: FIOBTC -FIO is trading on a downtrend after breaking the support at 2200 sat range -I have drawn a potential triangle pattern where we can see the trading scenarios -There are 3 options to trade this setup with aggressive entries and conservative position -Buying at local support/major support or Buy with momentum breakout of trendline resistance -All depends on your trading risk appetite how you will approach this market ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Happy Trading! Thank you! :)
by PolarHusk
5
FIO/BTC (Bullish RSI Divergence?)FIO/BTC -This coin is telling us that it is starting to show some hidden strength -We can also see a Bullish divergence on the RSI using 4H time period -A descending channel which is technically Bullish most of the time -How do you plan to enter this market condition? -You can place Buy bids at market price with stop loss at recent Low -Or Buy the breakout of local resistance above 2515 sat area -Aggressive entry or with momentum strategy is you to decide -There are both pros and cons, so please plan accordingly
by PolarHusk
FIOBTC Double Bottom| Liquidity Run| Dynamic Resistance| PAEvening Traders, Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance. Points to consider, - PA approaching trade location - Equal lows (liquidity run) - Key dynamic resistance - Oscillators over-extended - Swing high target FIOBTC’s price action is approaching a key trade location where a pivot bullish is probable. This will establish a double bottom in the market structure. The equal lows increases the probability of a liquidity run, price action closing above with a wick will be indicative. Breaking the dynamic resistance will confirm trend reversal with the immediate target swing high. Oscillators both are overextended reaching oversold conditions; this indicates an oversold bounce being probable as price reaches liquidity. Overall, in my opinion, FIOBTC breaking dynamic resistance will allow for a valid long into swing high. Price action is to be used upon discretion/ management of trade. What are your thoughts? Thank you for following my work! And remember, “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Long
by AzizKhanZamani
1