$FDUSD Flashes Strength with Breakout Above Resistance โ Whatโs Next?๐ค๐๐
Market Outlook ๐
$FDUSD /USDT has just printed a strong bullish breakout on the 1H chart, clearing the psychological level of $1.000 with solid volume and momentum. The clean Change of Character (CHoCH) and immediate retest flip the previous resistance into a support zone, giving bulls a solid short-term structure to build on.
Current Price: $1.0003๐ฆ
Breakout Zone: $0.9987 - $1.0000
Key Support: $0.9986๐
Immediate Resistance: $1.0020 - $1.0045 (supply zone)
1D Chart Outlook:๐
$FDUSD has reclaimed a previously lost CHoCH zone on the daily, hinting at a larger market structure shift in play. Price has reclaimed the 20EMA with a bullish engulfing candle, and stochastic RSI is curving up from oversold territory โ a classic setup for trend continuation if momentum sustains.
Stoch RSI Readings:๐
1H: 93.63 (blue) / 83.85 (orange) โ Overbought, but holding firm
1D: 32.87 (blue) / 13.50 (orange) โ Recovery just beginning
Trade Plan:๐งโ๐ป
If the $1.000 zone holds as support, FDUSD has room to push toward $1.0025โ$1.0045 short term. However, keep an eye on volume and a potential RSI divergence on lower timeframes. A quick fakeout and pullback to $0.9985 wouldnโt be unusual before a true leg up.
Pro Tip:๐งโ๐ซ
Donโt underestimate stablecoin volatility during low-liquidity phasesโscalpers can extract quick gains even from minor moves when levels are respected.
๐จโโค๏ธโ๐จ"A patient trader lets the chart speak before moving. Impulse trading is the shortcut to inconsistency."
Disclaimer:โ ๏ธ
This analysis is for educational purposes only and not financial advice. Always DYOR and manage your risk responsibly.