$FIO /USDT – BEARISH MOVE LIKELY AS BOUNCE FADES 🔻📉
$FIO /USDT shows signs of weakness after a failed attempt to sustain above resistance. The current price is $0.01449, with intraday rejection from the 24h high at $0.01715 suggesting bearish pressure may resume soon.
📊 KEY LEVELS
🛑 Resistance:
$0.01715 – Major intraday rejection
$0.01550 – Local supply zone
✅ Support:
$0.01421 – Near-term support
$0.01352 – Key 24h low
$0.01300 – Strong historical support
📉 TRADE SETUP – SHORT ENTRY
🔸 Entry: $0.01450
🔸 Stop Loss (SL): $0.01560 (above local resistance)
🔸 Targets (TP):
TP1: $0.01390
TP2: $0.01320
TP3: $0.01250 (Extended target)
💡 Price failed to hold above the Bollinger mid-band & MACD shows waning bullish momentum – signaling a good short opportunity.
🛡 RISK MANAGEMENT
Risk no more than 1–2% of capital per trade
Use proper position sizing
Stick to the SL – Don’t chase losses
Trade smart – let the trend guide you! 🔍📉
#BinanceTurns8 #BreakoutTradingStrategy #AltcoinETFsWatch #TruthSocialCryptoBlueChipETF #Write2Earn! $FIO