$FARTCOIN Bearish Retest Could Trigger Another 44% Drop
#FARTCOIN has completed a classic Breakdown → Retest setup after losing its ascending trendline support.
Price is now retesting the breakdown zone, which aligns with a major descending trendline resistance. This confluence makes it a high-probability rejection area.
Short Entry: $0.130 - $0.138
Targets: $$0.115/$0.10/$0.0075
Stop Loss: HTF Close Above $0.1435
A confirmed rejection from this zone could accelerate bearish momentum toward the next major support around $0.074, implying a potential 44% downside from the retest area.
As long as price remains below the HTF resistance, the market structure continues to favor sellers.
NFA. Always wait for HTF candle confirmation before taking a position.
#CryptoPatel
#FARTCOIN has completed a classic Breakdown → Retest setup after losing its ascending trendline support.
Price is now retesting the breakdown zone, which aligns with a major descending trendline resistance. This confluence makes it a high-probability rejection area.
Short Entry: $0.130 - $0.138
Targets: $$0.115/$0.10/$0.0075
Stop Loss: HTF Close Above $0.1435
A confirmed rejection from this zone could accelerate bearish momentum toward the next major support around $0.074, implying a potential 44% downside from the retest area.
As long as price remains below the HTF resistance, the market structure continues to favor sellers.
NFA. Always wait for HTF candle confirmation before taking a position.
#CryptoPatel