Another beautiful day to watch the crowd chase the $FIDA while I calmly look at the chart. Lots of guys are FOMO-ing because this coin is green by a whopping 25%, thinking it’s “to the moon,” but life isn’t like that, young people!
In reality, the chart is showing extremely sensitive signals. Looking at the technical data, there are a few things we should pay attention to:
🔹 On the 15-minute timeframe: Price is hovering around 0.0211, MA(20) at 0.0203, and EMA(9) at 0.0208. Both lines are acting as short-term support. If 0.0203 breaks, then you can tell things are about to change.
🔹 On the 1-hour timeframe: MA(20) is all the way at 0.0182, while EMA(9) is 0.0198. The gap shows the PUMP momentum is quite steep. This isn’t a safe buying zone for guys who like “quick profits” right now.
My personal view is that this coin is in a pull-and-distribute phase to create liquidity. Jumping in at this moment is no different from throwing eggs at rocks. Wait for it to retest the strong support zone, then consider your next move.
This is the setup I’m watching:
📌 Position: SHORT
📌 Entry: 0.0225 - 0.0230 (If price spikes up in a move to kill Shorts)
📌 TP: 0.0195 - 0.0185
📌 SL: 0.0245 (Cut it, absolutely no holding losses)
The market moves with the money flow, not emotions. Are you holding $FIDA , or are you also waiting to Short like me?
#Crypto #Trading #Binance
Note: This is my personal perspective, not investment advice. Trading always involves risk (DYOR).
In reality, the chart is showing extremely sensitive signals. Looking at the technical data, there are a few things we should pay attention to:
🔹 On the 15-minute timeframe: Price is hovering around 0.0211, MA(20) at 0.0203, and EMA(9) at 0.0208. Both lines are acting as short-term support. If 0.0203 breaks, then you can tell things are about to change.
🔹 On the 1-hour timeframe: MA(20) is all the way at 0.0182, while EMA(9) is 0.0198. The gap shows the PUMP momentum is quite steep. This isn’t a safe buying zone for guys who like “quick profits” right now.
My personal view is that this coin is in a pull-and-distribute phase to create liquidity. Jumping in at this moment is no different from throwing eggs at rocks. Wait for it to retest the strong support zone, then consider your next move.
This is the setup I’m watching:
📌 Position: SHORT
📌 Entry: 0.0225 - 0.0230 (If price spikes up in a move to kill Shorts)
📌 TP: 0.0195 - 0.0185
📌 SL: 0.0245 (Cut it, absolutely no holding losses)
The market moves with the money flow, not emotions. Are you holding $FIDA , or are you also waiting to Short like me?
#Crypto #Trading #Binance
Note: This is my personal perspective, not investment advice. Trading always involves risk (DYOR).