FARTCOIN just tapped into a key 3D support zone after a sweep below prior range lows. The rejection from 1.65–1.45 weekly resistance has set up a fresh entry at demand, with risk well-defined.
Step-by-Step Price Scenario:
Support Confirmation: Price swept the range lows and rebounded from 1.12–1.22 demand. This area is now critical for bulls to hold.
Entry Logic: Accumulation within the blue box is favored for a swing long. Stop loss placed below $1.00 (invalidating the idea if broken).
First Objective: Look for price to reclaim 1.22, with a move toward the weekly S/R at 1.45 as first resistance.
Main Target: If momentum follows through, next key target is 1.65 (D3 SFP), with a possible extension to $2.74 (measured move).
Risk: Breakdown below $1.00 negates the idea and opens the door to much deeper downside (next demand block $0.60–0.80).
Why:
The setup offers a high R:R, with clear invalidation. Reclaiming 1.22 after a sweep typically triggers fast mean reversion, especially on volatile alts. Watch for signs of strength — strong candle closes above 1.22 or a quick retest.
Step-by-Step Price Scenario:
Support Confirmation: Price swept the range lows and rebounded from 1.12–1.22 demand. This area is now critical for bulls to hold.
Entry Logic: Accumulation within the blue box is favored for a swing long. Stop loss placed below $1.00 (invalidating the idea if broken).
First Objective: Look for price to reclaim 1.22, with a move toward the weekly S/R at 1.45 as first resistance.
Main Target: If momentum follows through, next key target is 1.65 (D3 SFP), with a possible extension to $2.74 (measured move).
Risk: Breakdown below $1.00 negates the idea and opens the door to much deeper downside (next demand block $0.60–0.80).
Why:
The setup offers a high R:R, with clear invalidation. Reclaiming 1.22 after a sweep typically triggers fast mean reversion, especially on volatile alts. Watch for signs of strength — strong candle closes above 1.22 or a quick retest.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.