FIDA is testing a steep resistance around 0.12 as the market eyes the next catalyst. A fresh volume surge suggests a decisive move is coming.
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๐ด
$FIDA SHORT ๐
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๐ Entry Range: $0.020599 โ $0.020641
๐ Stop Loss: $0.021239 (-3.0%)
๐ฏ TP1: $0.020311 (+1.5%)
๐ TP2: $0.019589 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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The market structure broke lower high, delivering a clear CHoCH, while the CVD turned negative confirming the bias. An order block sits right above the break and overlaps a fair value gap, creating a POI that the recent liquidity sweep hammered. With these confluences the short looks tight.
A 3.0% stop is tight for a short, so keep leverage at or below 5x to protect equity.
Consider taking half profit once price reaches the first target around 0.10.
Not financial advice โ always manage your own risk ๐
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