📉 $FARM /USDT - Testing Major Support! 📉
Current Price: $51.02 (-2.58%)
24H High: $52.71
24H Low: $50.00
24H Volume: 17,299.66 $FARM
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🚀 Market Overview
$FARM is experiencing a pullback after testing resistance at $52.95. The price is now attempting to stabilize above the critical $50.00 support level. Traders are monitoring this zone closely for potential recovery or further downside.
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🔑 Key Levels to Watch
Resistance Zones:
$51.80–$52.20: Immediate resistance.
$52.95–$53.50: Key zone for bullish continuation.
Support Zones:
$50.00–$50.50: Strong support to hold the current trend.
$48.50–$49.00: Secondary support in case of further declines.
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Trade Strategy 💡
🎯 Entry (Long): $50.20–$50.50
🔒 Stop Loss: $49.80
🏆 Take Profit Levels:
TP1: $51.80
TP2: $52.50
TP3: $53.20
📉 Short Strategy (if support breaks):
🎯 Entry (Short): Below $49.80
🔒 Stop Loss: $50.50
🏆 Take Profit Levels:
TP1: $49.00
TP2: $48.20
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📊 Technical Indicators
MACD: Bearish momentum persists, but signs of recovery are visible.
Volume: Declining, suggesting reduced market activity.
Trend: Testing support with potential for a rebound.
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⚠️ Pro Tip: Patience is key—wait for clear signals before entering trades. Monitor the $50.00 support closely for a potential bounce.
💬 What’s your strategy for $FARM? Let us know!