Key Observations:
Price: FIDA is trading at $0.2975, showing a +21.08% increase in the last 24 hours.
Moving Averages (MA):
MA(5): $0.183
MA(10): $0.167
MA(60): $0.2984 (close to the current price, indicating a possible resistance level).
MACD:
DIF (-0.0004) and DEA (-0.0005) are near zero, with a positive MACD value of 0.0001. This suggests a weak bullish crossover but needs confirmation.
Volume: Increasing, which supports the recent price movement.
Trade Strategy:
Scenario A: Long Entry
Entry Point: Enter long if FIDA/USDT closes above $0.3021 (breakout above resistance at MA(60)).
Stop Loss (SL): $0.285 (just below recent support to limit losses).
Take Profit (TP):
TP1: $0.315 (previous high level).
TP2: $0.340 (key psychological level).
Trade Duration: Short-term (1–3 days).
Scenario B: Short Entry
Entry Point: Enter short if FIDA/USDT breaks below $0.288 (confirmed breakdown below support).
Stop Loss (SL): $0.305 (above MA(60) to account for price spikes).
Take Profit (TP):
TP1: $0.270 (recent support area).
TP2: $0.255 (lower support zone from 24-hour low).
Trade Duration: Short-term (1–3 days).
Contingency Plans (If Signals Go Against You):
Plan A (Trend Reversal):
If a long position faces strong resistance and reverses below $0.290, exit immediately to minimize losses.
If a short position fails and price moves above $0.305, close the trade early.
Plan B (Sideways Market):
If price remains range-bound between $0.290–$0.302 for an extended period, tighten your stop loss and consider exiting to prevent funds being tied up.
Plan C (False Breakouts):
If a breakout above $0.302 fails and price falls below $0.298, re-evaluate and switch to a short trade with the updated SL/TP from Scenario B.
Conversely, if a breakdown below $0.288 reverses above $0.295, switch to a long trade.
Plan D (High Volatility):
If sudden spikes in volume cause unpredictable moves, monitor key support/resistance levels ($0.285–$0.302) and adjust SL accordingly to reduce risk.
Risk Management:
Position Size: Allocate only 1–2% of your portfolio per trade.
Stop Loss Discipline: Always respect your stop loss levels to avoid heavy losses.