🧐 Fartcoin Analysis: Beginning of a Correction or a False Signal?
What we see on the chart 📊
The price has been rising for more than a month, forming three clear waves of growth with minor pullbacks.
Each new high was above the previous one — a classic bullish trend.
What has changed ⚠️
After the third wave, the price pulled back almost to the starting level of the entire movement — usually a sign of serious weakening demand.😵
We broke the EMA 9 downwards — the first alarming 'bell' of a possible continuation of the decline.😐
My personal plan 🧠
At the moment, I am looking to short from this level with a target
~15-20% 🔻
If the price returns above the EMA 9 and holds there — I will switch to long with a target of $1.50 - 1.80 🔺
DYOR