$FARTCOIN USDT Rejected at 0.1730 – Distribution Phase Starting?
FARTCOINUSDT is showing clear rejection around the 0.1730000 level, and sellers are stepping in aggressively. The structure suggests short-term weakness with potential downside continuation.
Technical Analysis:
Support and Resistance:
Major resistance is positioned at 0.1750–0.1800. Multiple rejections in this zone indicate strong supply pressure.
Immediate support is near 0.1650. If price breaks below this level, the next support sits around 0.1550–0.1500, which previously acted as a consolidation base.
Moving Averages:
Price is trading below short-term moving averages, showing loss of bullish momentum. If the faster MA remains below the slower MA, bearish continuation is likely.
RSI:
RSI is drifting below 50, signaling weakening buying strength. A move toward 35–30 would confirm stronger bearish momentum.
MACD:
MACD is turning bearish with a negative histogram and possible crossover below the signal line, supporting short bias.
Market Sentiment:
Short-term sentiment is Bearish. Lower highs near resistance and fading momentum indicate distribution rather than accumulation. Bulls need a strong reclaim above 0.1800 to shift structure back to bullish.
Strategy:
Entry: 0.1730000 near resistance provides a favorable risk-to-reward short zone.
Targets: 0.1650 first, then 0.1550–0.1500 area.
Invalidation: Strong close above 0.1800 with volume expansion.
Recommendation: Trade, but manage risk strictly. Consider partial profits at first support and trail stop loss to secure gains. If not in position, wait for a confirmed breakdown below 0.1650.
Volatility in meme coins can be sharp, so position sizing is critical.
Are you shorting this rejection, or waiting for a bounce before entering?
Not Financial Advice (NFA). Always do your own research before making trading decisions.
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