🛑🛑 FIDA Chart Analysis and Action Plan 🛑🛑
![](https://public.bnbstatic.com/image/pgc/202406/3916e87704892bdeaa10c9a269ca02c3.png)
📈 Asset: FIDA / USDT)
📅 Timeframe: 1 month (1M)
Current situation:
Price: $0.3908 (+33.11% for the current month)
Average purchase price: $0.3151
MA (7): $0.3573
MA (25): $0.3444
MA (99): $2.9001
Indicators: Ichimoku, SAR
Technical analysis:
Support: $0.3151 (average purchase price)
Resistance: $2.9001 (MA 99)
Ichimoku Cloud:
The price is above the cloud, which is a bullish signal.
The Tenkan-Sen ($0.4346) and Kijun-Sen ($0.8188) lines crossed, indicating potential growth.
SAR: Indicates an uptrend, located below the price.
Growth potential:
Target: $9.4129 (potential upside of 2880.38%)
Action plan:
Buy: Maintain current positions as the price is above the average purchase price and is in an upward trend.
Stop Loss: Set a stop loss at $0.3151 to minimize losses in case of a sudden price drop.
Take profit:
Short-term target: $2.9001 (MA 99)
Long term target: $9.4129
Monitoring:
Monitor trading volumes: the current volume (111.272M) shows active interest in the asset.
Pay attention to the Ichimoku and SAR indicators to confirm the continuation of the uptrend.
Summary:
FIDA is showing strong growth with bullish signals from Ichimoku and SAR. It is recommended to hold current positions with a protective stop loss and monitor technical indicators.
🚀 Happy trading and high profits! 🚀