$FARTCOIN USDT: BOLLINGER BAND BOUNCE SUGGESTS BULLISH REVERSAL
Based on the 15-minute chart, FARTCOINUSDT is showing signs of a potential short-term bullish bounce. The price is currently sitting right around the Bollinger Band Middle Band (MB) and the candles have recently touched the lower band.
Long Trade Signal
Trade Setup (Based on 15m Chart and Current Price of \bm{\sim}0.7051):
• Entry: Aggressive entry at current price or wait for a decisive candle closing above the Middle Band (MB) at $0.7055.
• TP 1 (Target Price 1): \bm{\sim}0.7169 (Upper Bollinger Band - a high probability target)
• TP 2 (Target Price 2): \bm{\sim}0.7250 (Previous swing high area)
• SL (Stop Loss): \bm{\sim}0.6945 (Just below the Lower Bollinger Band)
Short Outlook of Market
The price action suggests a momentary consolidation after a slight pull-back from the daily high of 0.7467. The fact that the price is holding near the Middle Bollinger Band and the order book shows higher buying (Bid) pressure at 60.30% compared to selling (Ask) pressure at 39.70% indicates that buyers are currently in control on this smaller time frame. A successful move back above the middle band (\bm{0.7055}) would confirm the continuation of the short-term uptrend toward the Upper Bollinger Band.