🚨 #FIDA Trading Plan: Short the Resistance or Buy the Support?
$FIDA is trading around $0.0191, and the structure favors a cautious bearish approach while price remains below $0.0206.
🎯 MY TRADE SETUP
🔴 SHORT ZONE: $0.0203–$0.0206
- Entry: On confirmed rejection in the zone
- Targets: $0.0188 → $0.0178
- Stop-loss: Above $0.0208, adjusted for volatility
🟢 BUY ZONE: Around $0.0178
- Entry: Only after price stabilizes and buyers confirm a rebound
- Target: $0.0200–$0.0203
- Stop-loss: Below support, based on your risk tolerance
📊 WHY I'M LEANING BEARISH
The reported long/short ratio of 0.49 and 36% reduction in whale long positions suggest bearish positioning. Meanwhile, $0.0200–$0.0206 remains the critical resistance zone. If $0.0185 breaks decisively, downside toward $0.0178 becomes more plausible.
⚠️ Execution rule: Don't blindly enter at these levels. Wait for confirmation, size positions conservatively, and remember that crowded short trades can squeeze higher.
My focus: Short confirmed resistance rejection; consider buying only after a confirmed bounce near $0.0178.
What's your FIDA play❔
Follow @Kathals Info Bits for daily crypto trading setups and market analysis.
#CoinVahini #FIDA #CryptoTrading #BinanceSquare
$FIDA is trading around $0.0191, and the structure favors a cautious bearish approach while price remains below $0.0206.
🎯 MY TRADE SETUP
🔴 SHORT ZONE: $0.0203–$0.0206
- Entry: On confirmed rejection in the zone
- Targets: $0.0188 → $0.0178
- Stop-loss: Above $0.0208, adjusted for volatility
🟢 BUY ZONE: Around $0.0178
- Entry: Only after price stabilizes and buyers confirm a rebound
- Target: $0.0200–$0.0203
- Stop-loss: Below support, based on your risk tolerance
📊 WHY I'M LEANING BEARISH
The reported long/short ratio of 0.49 and 36% reduction in whale long positions suggest bearish positioning. Meanwhile, $0.0200–$0.0206 remains the critical resistance zone. If $0.0185 breaks decisively, downside toward $0.0178 becomes more plausible.
⚠️ Execution rule: Don't blindly enter at these levels. Wait for confirmation, size positions conservatively, and remember that crowded short trades can squeeze higher.
My focus: Short confirmed resistance rejection; consider buying only after a confirmed bounce near $0.0178.
What's your FIDA play❔
Follow @Kathals Info Bits for daily crypto trading setups and market analysis.
#CoinVahini #FIDA #CryptoTrading #BinanceSquare