$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! 🔍📉

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