$FIDA #FIDA #Everyone #Followers #BinanceSquareFamily

FIDA/USDT using the visible technical indicators.

1. **Price Trend**:

- The price shows a clear **rebound** from a recent low around **0.3684 USDT**, with a current rise toward the **0.3962 USDT** level. This suggests a possible short-term upward movement.

2. **Moving Averages**:

- The **MA(7)** (yellow line) is **above the price**, while the **MA(25)** (pink line) is **very close to the price**.

- This indicates that the **short-term momentum** is trying to shift upward. If the price continues to stay above the MA(7) and MA(25), it could confirm a bullish move.

3. **Volume**:

- There was a notable **increase in volume** recently, which aligns with the upward price movement, suggesting that buyers are currently in control.

4. **Support & Resistance**:

- **Support**: Immediate support can be seen around **0.3684 USDT** (recent low).

- **Resistance**: The next key resistance area would be around **0.4033 USDT**, the highest point recently touched.

### Recommendation for Long and Short Trades:

- **For Long Entry**:

- A good entry could be around **0.3846 USDT**, near the **MA(7)**, if the price corrects a little.

- **Take Profit (TP)**: Set around **0.4030 USDT** (previous resistance).

- **Stop Loss (SL)**: Place just below the **0.3684 USDT** support, around **0.3660 USDT**.

- **For Short Entry**:

- Short entry could be considered if the price fails to break the **0.4030 USDT** resistance and shows reversal signs.

- **Take Profit (TP)**: Aim for around **0.3700 USDT**.

- **Stop Loss (SL)**: Above **0.4030 USDT**, around **0.4060 USDT**.

### Trade Duration:

- Given that this is a 5-minute chart, the trades could play out over a few hours or within the day. Monitor the price action closely if you are using short-term trading strategies.

### Trend:

- **Short-term trend**: **Bullish**, with some potential for a pullback if the price fails to break **0.4033 USDT**.

However, please note this analysis is based on a short time frame (5-minute chart). For a more long-term view, analyzing higher time frames (1 hour, 4 hours, daily) is necessary.

### Disclaimer:

I am not a financial advisor, and this information shouldn't be taken as financial advice. Always conduct your own research before making any trading decisions.