#FARTCOIN

Technical Details:

🔸 Rising Trend Support (Broken):

The rising trend line (yellow dashed line) that the price has formed since March has recently been broken downwards.

This breakdown could be a precursor to a trend change.

🔸 Retest Level (1.2900 USDT):

The chart indicates that after the trend is broken, the price may retest the old support (new resistance) before continuing to decline.

This level can be considered an ideal entry point for short positions.

🔸 Potential Decline Target:

The target price is approximately 0.3445 USDT, which represents a decline of about 73.58% from the current level.

This level corresponds to the previous horizontal support area and could be an important psychological level.

Possible Scenario:

The price recovers to the 1.2900 level.

If this level acts as resistance and is rejected,

the downward momentum could accelerate towards a drop to the 0.3445 level.

Strategic Notes:

For those considering short positions: entry around the 1.2900 level, stop-loss above the trend line or at the last peak (around 1.60).

For those considering long positions: caution is advised as the trend has broken. A drop to around 0.3445, which is a support area for long-term buying, can be anticipated.

Warning:

This scenario is a prediction and does not guarantee certainty. Price movements may vary according to news flows, overall market conditions, and liquidity. Risk management must be implemented.