🧐 Fartcoin Analysis: Beginning of a Correction or False Signal?
What we see on the chart 📊
The price has been rising for over a month, forming three clear waves of growth with minor pullbacks.
Each new high was above the previous one — a classic bullish trend.
What has changed ⚠️
After the third wave, the price retraced almost to the starting level of the entire movement — usually a sign of serious weakening demand.😵
We broke the EMA 9 downwards (green line) — the first alarming "bell" of a possible continuation of the decline.😐
My personal plan 🧠
At the moment, I am considering a short from this level with a target of
~15-20% 🔻
If the price returns above EMA 9 and holds there — I will switch to a long with a target of $1.50 - 1.80 🔺
DYOR