$FF Technical Analysis: Supply Rejection & Bearish Continuation 📊
The market structure for FF on the 4H timeframe has reached a critical decision point. After a relief rally from the $0.071 lows, the price has encountered heavy selling pressure at the established supply zone near $0.076. The current price action indicates that the bears are regaining control.
Market Context:
attempted to flip the local resistance into support but failed to sustain momentum above the $0.0765 level. We are now seeing a rejection from this "Order Block," suggesting that institutional sellers are defending this range. The target is a sweep of the lower liquidity levels.
The Trade Setup:
Entry Zone: $0.0747 — $0.0755 (Current Market Price is roughly $0.07479)
Target 1: $0.0715 (Local Support)
Target 2: $0.0685 (Major Demand & Liquidity Target)
Stop Loss: $0.0778 (Above the recent rejection wick)
Technical Breakdown: ⚔️
Supply Rejection: The price tapped the white horizontal supply line and immediately printed a bearish reversal candle. This confirms that the overhead supply is significant.
Lower High Formation: By failing to break above the previous swing hig FF has confirmed a bearish market structure on the 4H chart.
Liquidity Void: Below $0.072, there is relatively little support until the $0.068 region. Price tends to move quickly through these "low-volume" gaps once the primary support is breached.
Risk Note: ⚠️ Always use proper position sizing. If the price manages to close a 4H candle above $0.077, the bearish thesis is invalidated, and we may see a squeeze toward higher levels.
Comment "FF" if you're holding your positions! ⚔️📈