$FIO - Correction phase after a sharp rise, monitor the 99 moving average

The decline continues from the highest level at $0.01319

It is now approaching support at the 99 moving average at $0.01272

It had a previous rise, but it is now retracting in a controlled downward trend. The price is nearing the 99 moving average area ($0.01272), which historically represents dynamic support.

Any rebound here could ignite an upward spark, but failure warns of a deeper correction.

Buy trade setup:

Entry price: $0.01283

Targets:

1: $0.01300

2: $0.01320

Stop loss: $0.01258

Look for confirmation of the reversal on lower time frames near the moving average cluster before entering.

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