$FIDA – DEAD CAT BOUNCE? BEARS MAY STRIKE BACK!

• MASSIVE WICK ABOVE $0.1135 REJECTED

• HIGH VOLUME SELLING AFTER FAKEOUT

$FIDA attempted a recovery from the $0.0972 low, surging back above $0.113 but faced strong rejection near $0.115. The large upper wick and heavy red candle on strong volume suggest a bull trap. Price is now losing steam below $0.107, with bearish pressure likely to resume if $0.105 fails.

🔻 Short Trade Setup

• Entry Zone: $0.1070 – $0.1085

• Stop Loss: Above $0.1120

• TP1: $0.1015

• TP2: $0.0975

• TP3: $0.0930 (extended target)

Unless bulls reclaim $0.113 with strength, FIDA is at risk of revisiting previous lows. Watch for volume to confirm further downside.

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