Sup, it's been a long time since i posted on binance square.

When I look at the $FARTCOIN /USDT chart on the 4-hour timeframe, there are some really interesting technical signals to watch out for, especially for those of you waiting for a correction.

My analysis:

The Stochastic RSI indicator has now reached 80.62, which means it has entered the overbought zone. Historically, this level has often marked a point of saturation where buying momentum begins to weaken and prices may undergo mean reversion or return to their average.

There appears to be a fairly clear rejection after the price attempted to break through the 0.2181 level. The appearance of an upper wick on the candlestick indicates that selling pressure is beginning to emerge in that area. The price is currently holding steady, and if it fails to break through the nearest resistance level, the likelihood of a correction toward the nearest support level is very high.

My trade plan:

Sell/Short

Entry : 0.2100 - 0.2140

TP1 : 0.1930

TP2 : 0.1840

TP3 : 0.1760

SL: 0.2210

Trade $FARTCOIN 👇