📉 FARTCOIN Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.3650 - 0.3750
SL: 0.4100
TP1–TP3: 0.3450 / 0.3000 / 0.2700
Technical Analysis:
The current technical outlook for FARTCOIN on the 4-hour timeframe is bearish. The price is showing signs of weakness after multiple rejections from the 0.40 - 0.4161 resistance zone, forming a potential topping pattern. The price is currently trading below the EMA(7) and EMA(25), indicating short-term bearish momentum. Confirmation for this downward bias is supported by the MACD, which shows a bearish crossover, and the RSI trending below the 50 midline. A definitive break below the EMA(99) at approximately 0.3445 would act as a strong confirmation for further downside.
Invalidation:
Only a break above 0.4161 would invalidate this short-term bearish thesis.
