#FARTCOIN is getting squeezed inside a symmetrical triangle, but the overall structure still leans bearish.
Price continues to print lower highs while struggling to reclaim the 200 EMA, showing that sellers remain in control. Every bounce has been sold into, and momentum is fading as price approaches the apex.
If the lower trendline gives way, the next move could be a sharp flush lower.
For now, I remain bearish until the descending trendline is broken and reclaimed.
Price continues to print lower highs while struggling to reclaim the 200 EMA, showing that sellers remain in control. Every bounce has been sold into, and momentum is fading as price approaches the apex.
If the lower trendline gives way, the next move could be a sharp flush lower.
For now, I remain bearish until the descending trendline is broken and reclaimed.