๐พ $FARM /USDT โ Quiet Accumulation or Rejection Ahead? Key Levels in Focus๐ฅ๐
Current Price: $27.12
Timeframes: 1H and 4H
Trend Bias: Cautiously Bullish ๐
๐ 1H Chart Insights:๐
โ $FARM Price consistently forming higher lows
โ Trading above both 20 EMA ($26.84) and 50 EMA ($26.64)
๐ MACD is bullish with all lines in upward alignment
๐ RSI: 58.21 โ just below overbought zone, suggests strength but near resistance
โ ๏ธ Resistance observed around $27.30 โ needs a breakout for continuation
โณ 4H Chart Overview:๐
๐ข $FARM Price holding steady around mid-range; forming consolidation structure
๐ 20 EMA: acting as current support near $26.93
๐ป 50 EMA: still above ($27.48) โ price needs to close above for trend reversal confirmation
๐ RSI: 51.12 โ neutral, but rising
๐ MACD: crossover near zero line โ early signs of momentum recovery
๐ Key Price Levels:๐
Immediate Resistance: $27.30 โ $27.50
Support Zone: $26.64 โ $26.39
Breakout Trigger: Close above $27.50 with volume
๐ Trading Plan (Bullish Bias Strategy):
๐น Entry on Pullback: $26.80โ$27.00
๐ฏ Target 1: $27.50
๐ฏ Target 2: $28.30
โ Stop Loss: Below $26.35
๐ง If price breaks above $27.50 with a bullish candle and volume spike, expect momentum to push toward $28+. Avoid chasing if RSI overheats; wait for retests.
๐ฌ โSideways zones create breakout opportunities โ patience pays off.โ
๐ Not financial advice. Do your own research (DYOR) before trading.
