📉 Short Setup Plan $FIDA

The Trigger (Entry Zone): * Don't short while it's actively driving upward. Look to build a short position if it hits the $0.0460 – $0.0480 zone and shows signs of exhaustion (wicking down, or a sudden drop in buying volume on the 5m/15m charts).

Alternatively, a break and close below the MA(7) ($0.04316) on the 1-hour chart confirms the short-term momentum is breaking down, offering a momentum-short entry.

Take Profit 1 (Target): $0.0380 – $0.0400 (This aligns with Buy Zone 1 / MA(25) where the price will likely find short-term support and bounce).

Take Profit 2 (Extended Target): $0.0320 (A full retracement of the pump back down to the major support area and the MA(99)).

🚨 Critical Perp Risk Management

Shorting a token with over $55 million in daily volume means you have to watch out for short squeezes (where a sudden spike forces shorters to buy back, driving the price up violently).

Strict Stop Loss: Set it slightly above the recent 24-hour high, around $0.0495 – $0.0505. If the price breaks above $0.04839, the pump is continuing, and staying in a short will get dangerous fast.

Leverage Warning: Keep leverage low (e.g., 2x – 3x max). Volatile altcoins like this can easily wick 5% to 10% in a few minutes before dumping, which will easily liquidate high-leverage positions.

Are you seeing a bearish divergence or a double top forming on the smaller time frames (like the 15-minute chart) right now?