#TradingTypes101 Here’s the FARTCOINUSDT analysis and trade setup in:
- **Current State:**
- FARTCOINUSDT is consolidating after a strong bounce from 0.8590 USDT.
- Price is above key EMAs (7, 25, 99), indicating short-term bullish momentum.
- **Trend:**
- 1-hour chart: bullish bias.
- 4-hour chart: neutral to slightly bullish; EMAs are converging, hinting at possible trend change if support holds.
- **Support & Resistance:**
- **Support:** 0.9940–1.00 (minor), 0.8590 (major).
- **Resistance:** 1.0738–1.08 (recent high), 1.15 (next key level).
Trade Setup (Long):
- Entry: Above 1.0738 with strong volume.
- Stop Loss: Below 0.9940 or tighter below 0.9590.
- Targets: 1.08, then 1.15.
- **Trade Setup (Short):**
- Entry: Below 0.9940 with volume.
- Stop Loss: Above 1.04.
- Targets: 0.92, then 0.8590.
*Risk Management:*
- Tight stop losses recommended.
- Wait for confirmation (breakout/breakdown with volume) before entering.
- Manage leverage due to volatility near critical levels.
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