$FIDA – Overextended rally facing heavy rejection with momentum weakening on lower timeframes
Trade Setup: Short $FIDA
• Entry Zone: 0.04350 – 0.04480
• Target 1: 0.04120
• Target 2: 0.03850
• Target 3: 0.03550
• Stop Loss: 0.04680
Price action is encountering heavy rejection near the local high following an overextended rally, while momentum is beginning to deteriorate across compressed timeframes. A loss of near-term support holds the potential to trigger profit-taking pressure and drive price into a deeper correction phase. Risk parameters are defined above the supply zone at 0.04680.
Just click trade here 👇
Trade Setup: Short $FIDA
• Entry Zone: 0.04350 – 0.04480
• Target 1: 0.04120
• Target 2: 0.03850
• Target 3: 0.03550
• Stop Loss: 0.04680
Price action is encountering heavy rejection near the local high following an overextended rally, while momentum is beginning to deteriorate across compressed timeframes. A loss of near-term support holds the potential to trigger profit-taking pressure and drive price into a deeper correction phase. Risk parameters are defined above the supply zone at 0.04680.
Just click trade here 👇