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FARM/USDT 1-hour chart, including Fibonacci retracement levels, RSI insight, and a swing trade vs. scalp trade plan 1. Fibonacci Retracement (based on recent swing low to high)
Swing Low: ~$28.22
Swing High: ~$31.58
Key Fib Levels:
0.236 (23.6%): ~$30.79 – minor support
0.382 (38.2%): ~$30.21 – good re-entry point (support)
0.5 (50%): ~$29.90 – classic mid-level, possible bounce area
0.618 (61.8%): ~$29.59 – golden ratio, strong support
0.786 (78.6%): ~$29.08 – critical support zone
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2. RSI (Relative Strength Index) Insight:
Although RSI isn’t directly visible, the price momentum and volume spike suggest the RSI is likely above 70 (overbought). This means:
Short-term correction or pullback is possible
Not ideal to enter aggressively now – better to wait for a pullback near the 0.382–0.618 Fib zone