$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.
#FIOUSDT #CryptoSetup #AltcoinWatchlist #TrendReversal #BinanceFutures