$FIO is currently trading inside a clear downward correction after failing to hold above the $0.0090 structural support. The rapid move toward $0.0076 suggests capitulation selling rather than gradual distribution.
The $0.0072–$0.0076 area is now acting as the first major liquidity demand zone where price previously consolidated. This level often attracts short-term buyers looking for mean reversion.
EP: $0.00730 – $0.00770
TP1: $0.00850
TP2: $0.00930
TP3: $0.01020
SL: $0.00685
The broader trend remains temporarily bearish after the breakdown of key structure. Momentum is stretched on the downside which increases the probability of a corrective bounce. Liquidity resting above $0.0085 and $0.0093 provides natural upside targets if demand returns near
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