📉 $FIO /USDT Takes a Hit – Is This a Dip to Buy or a Trend to Fade?

Market insight: 📊

The price action shows a steep drop from a 24-hour high of $0.02063 down to a low of $0.01693, with the current price hovering near the lower end of that range. Trading volume has been significant, with 405.91M FIO and 7.62M USDT moved in the last 24 hours, signaling active market participation. The MA(5) at $0.01790 and MA(10) at $0.01823 are both above the current price, hinting at short-term bearish pressure

•Trading Plan📉

Entry Zone: $0.01760 – $0.01770 (if rebounding)

TP1🎯: $0.0178

TP2🎯: $0.01800

TP3🎯: $0.01834

🚨🖐🏽 Stop Loss: Below $0.01749

Professional advice 👩‍🏫

Watch the $0.01749 support level closely—if it breaks, we could see FIO test $0.01693 again. On the flip side, a reclaim of $0.01790 with rising volume might signal a potential reversal. The market feels cautious here, so position sizing and stop-losses are key! ⚖️