$FIDA – Lower high formation following rejection with downside correction pressure active

Trade Setup: Short $FIDA

• Entry Zone: 0.0388 – 0.0402

• Target 1: 0.0370

• Target 2: 0.0355

• Target 3: 0.0338

• Stop Loss: 0.0428

Price action is exhibiting clear rejection from local resistance after an explosive rally, with momentum fading and sellers pushing price back below the 0.040 support zone. A sequence of descending peaks is forming after the sharp pump while bullish continuation weakens near resistance. Failure to reclaim the 0.040 threshold keeps downside correction pressure active. Risk parameters are defined above the supply zone at 0.0428.

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FIDA
FIDAUSDT
0.02448
-6.74%