$FIDA is showing one of the cleaner recovery structures among the recent momentum coins 👀
This chart is interesting because it already completed: • a pump
• a correction
• and now a second breakout attempt
That usually attracts momentum traders again if resistance breaks.
Current structure 👇
• Strong recovery from 0.0196 bottom
• Consecutive bullish candles with increasing momentum
• Price reclaimed the 0.024 zone aggressively
• Now pushing back toward previous high liquidity area near 0.0269
Trade Bias: Bullish continuation — but near resistance 🟢⚠️
Important Levels 👇
Support: 0.0240 — 0.0235
Major Support: 0.0220
Resistance: 0.0263 → 0.0269
If FIDA closes above 0.0269 with strong volume, then next expansion targets could become: ➜ 0.0285
➜ 0.0300
➜ 0.0320
But there’s also a caution signal:
Order book currently shows heavier sellers (~62% ask side).
That often means: • traders are taking profits near resistance
• or liquidity is stacked above current price
The good sign is: Price didn’t instantly reject after the breakout candles.
Instead it’s holding near highs, which keeps bullish pressure alive.
Risk scenario ⚠️
If price fails to hold above 0.0240, momentum can cool quickly and retracement toward: 0.0228 → 0.0215 becomes possible.
Best confirmation now: • 1H candle close above 0.0263
• volume staying elevated during breakout
Right now bulls still control momentum, but this is entering an important decision zone near previous highs 🔥