Downward?

FIIDAUSD$

Permanent

0.09014

-8.97%

The price of $FIDA has fallen by more than 11% today, currently hovering around $0.0889, close to its 24-hour low of $0.0878. After a sharp sell-off, the price seems to be attempting to stabilize, recording a slight rebound of +0.68% on the 15-minute chart, but the downward momentum still prevails.

Next target: If the price regains the level of $0.0900, watch for a rise towards $0.0940. However, if it breaks below the level of $0.0875, things could worsen.

Trading signal (short-term bounce attempt):

• Entry price: $0.0885 - $0.0895

• Take profit 1: $0.0900

• Take profit 2: $0.0925

• Take profit 3: $0.0940

• Stop-loss price: $0.0875

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