$FARTCOIN - Explosive Pump but Too Hot
$Fartcoin
traded at $1.0994 (+27.73%), just below the 24-hour high of $1.1226, after a crazy rally from $0.8319. The MACD has turned positive (0.0138) with DIF > DEA, indicating strong bullish momentum - but such vertical movements often attract sharp profit-taking actions.
Market Tone: The breakout is very strong, but the risk of a correction is high due to being too stretched.
Long Setup (momentum continuation): Entry: $1.08 - $1.10
Target: $1.12 / $1.16
Stop-loss: $1.05
Support: $1.05 / $1.02 / $0.95
Resistance: $1.12 / $1.16
Stop-loss: $1.09
▲ Attention: The daily increase of 27% puts it in the danger zone for a sudden drop. If going long, consider a trailing stop to secure profits.