$FIO
is Awakening! Recovery is assured! 🚀🏦
The bulls have regained control over $FIO ! After a pullback to $0.01016, the price has seen a strong recovery and is now trading above all major moving averages (EMA 7, 25, and 99). 🐂 The moving averages have turned into a support group, indicating a strong trend change.
Why long buying?
1. Moving average breakout: The price has surpassed all major moving averages in one move. This typically indicates the start of a trend.
2. Support established: EMA 7, 25, and 99 are now acting as a support floor.
3. Blue sky: The next major resistance is the recent high at $0.01135.
Setup: Long buy 📈
* Entry area: $0.01090 - $0.01105 (buy the dip/EMA support)
* Target 1: $0.01135 (recent high)
* Target 2: $0.01180
* Target 3: $0.01250 (extension)
* Stop loss: $0.01060 (below the EMA group)
Plan: Momentum is bullish. Buy the dip to EMA 7 and target the breakout of the previous high. 💰