$FARTCOIN Here is a detailed analysis for $FARTCOIN based on the recent liquidation event at $0.87. I'll break it down step by step for clarity.
Key Observations.
A long liquidation of $1.766K suggests that traders were overleveraged expecting the price to rise but were forced to sell as the price dropped to $0.87.
This could mean weak buyers have been cleared from the market, and the price might stabilize or reverse soon.
Analysis.
1. Support Zone.
The strong support is at $0.85–$0.87, as it has acted as a demand zone after the liquidation.
If the price holds above $0.87, we may see buyers stepping in.
2. Resistance Levels.
The first major resistance is at $0.92–$0.95. This is where sellers may appear.
A stronger resistance lies at $1.00, which is a psychological level and may face heavy selling pressure.
3. Market Sentiment.
Liquidations often flush out weak positions, which can trigger a reversal if fresh demand comes in.
Look for volume spikes as a sign of buyers returning.
Trading Plan.
Buy Zone.
$0.85–$0.87. Ideal entry range for potential upside.
Be patient and wait for a bullish candle green candle to confirm a reversal.
Targets.
Target 1: $0.92 Short term resistance.
Target 2: $0.95 Next key resistance.
Target 3: $1.00 Strong psychological level.
Stop Loss.
Place your stop loss below $0.83 to minimize risk if the price breaks support.
This is slightly below the support zone to account for any fakeouts.
Risk Management.
Do not risk more than 2–3% of your capital on this trade.
Adjust your position size based on the stop-loss distance.
Next Steps.
1. Monitor the price action near $0.85–$0.87.
2. Wait for confirmation e.g., strong green candles or increasing volume.
3. Enter the trade cautiously and stick to your stop loss to avoid large losses.
If you have questions or need updates on $FARTCOIN, feel free to ask.
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