FIO has been consolidating in a symmetrical triangle since April, with lower highs and higher lows compressing price into a tight apex. Recently, price broke above the upper trendline near 0.0205 and is now retesting the breakout zone around 0.019–0.020.
📊 Technical Outlook
Triangle breakout confirmed with volume expansion.
Current retest is on lighter volume, which is constructive.
Short-term MAs are flipped beneath price, supporting bullish structure.
📈 Upside levels to watch
0.0215–0.0220 (immediate resistance)
0.0240–0.0255
0.0280–0.0300
0.0330–0.0350
🔎 Measured Move Target
Triangle height ≈ 0.019
Breakout projection → 0.0205 + 0.019 ≈ 0.039–0.040
⚠️ Invalidation
Daily close below 0.0185 risks a failed breakout and return inside the pattern.
Deeper breakdown <0.0170 opens 0.0150.
