🔷 $FIDA USDT – BEARISH REJECTION SIGNALS POTENTIAL DOWNSIDE MOVE!
$FIDA faced strong rejection near the 0.0780 resistance zone, forming a lower high and failing to reclaim its previous structure.
Key Levels:
🔹 Support: 0.0649 (24H Low)
🔹 Resistance: 0.0780
🔹 Current Price: 0.0737
💥 TRADE SETUP (SHORT):
Entry Zone: 0.0735 – 0.0740
Take Profit Targets:
🎯 TP1: 0.0700
🎯 TP2: 0.0675
🎯 TP3: 0.0650
Stop Loss: 0.0785 (above rejection wick)
📈 Market Outlook:
Momentum has shifted bearish after failure to hold above key horizontal resistance. If price remains below 0.0740, downside targets are active with minor pullbacks acting as fresh entries.
⚠️ Risk Management:
Always use stop loss and risk only 1-2% per trade to maintain long-term consistency and emotional discipline.
💬 Are you shorting this rejection or waiting for a deeper retest? Drop your thoughts below.