I will do a comprehensive technical analysis for $FIDA :
1. ANALYSIS OF TIME FRAMES:
30-minute frame:
- Price is in a short-term downtrend, testing the support zone $0.251-0.252
- RSI(6) = 36.7, RSI(12) = 49.9 showing neutral momentum
- Trading volume is decreasing, averaging 30K-50K/30p
- MACD is diverging negatively with price
1-hour frame:
- MA20 = 0.254, price is trading below MA20
- Bollinger Bands show narrowing volatility
- CMF20 and MFI14 are negative showing selling pressure is dominant
4-hour frame:
- Downtrend is clearer
- Trading volume is concentrated in the zone $0.251-0.253
- RSI(24) = 42.9 shows the downtrend is not over yet
2. MOMENTUM AND VOLUME ANALYSIS:
- Recent Buy/Sell volume ratio is around 45/55
- Trading volume is on a downward trend
- Negative MFI and CMF indicators show money is being withdrawn
- OBV is in a downtrend
3. SCENARIO IN THE NEXT 4-24H:
Scenario 1 (60% probability):
- Price continues to sideway in the $0.251-0.253 range
- Signal: Low volume, narrow fluctuations
- Target: $0.252 (+/-1%)
Scenario 2 (30% probability):
- Break down to the $0.248-0.25 range
- Signal: Volume increases sharply when price to $0.251
- Target: $0.249 (-5%)
Scenario 3 (10% probability):
- Recover to test $0.256-0.258
- Signal: RSI recovers above 60
- Target: $0.257 (+5%)
4. TRADING RECOMMENDATION:
- DO NOT RECOMMEND LONG at current price zone
- Can consider SHORT when price breaks below $0.251 with SL at $0.253
- Good entry point for LONG will be $0.248-0.25 if there is a positive reaction from volume
- Recommended to wait for a clear break signal, should not trade in the current sideway phase