$FIDA #Everyone #Fida #BinanSquareFamily #Followers

## Technical Analysis for FIDAUSDT (Perpetual)

#### **Trend Analysis:**

- The current price movement shows a strong **uptrend**, as indicated by the sharp rise in the green candlesticks. This signals bullish momentum shortly after the token launch.

#### **Japanese Candlestick Analysis:**

- The recent candlesticks show strong buying pressure with consistent green candles. The **most recent candlestick** appears to have a small upper wick, suggesting some selling pressure or profit-taking at higher levels.

#### **Support and Resistance Levels:**

- **Support:** The key support level is at **0.2946**, which represents the lowest point observed on the chart. If the price corrects, this could serve as the first support level.

- **Resistance:** The highest point seen is **0.3163**, which will act as immediate resistance. Breaking above this level could lead to another rally.

#### **Indicator Analysis:**

- **Volume:** The trading volume spiked to **1.49M**, showing strong interest from buyers. However, there is a slight decline in volume in the last bar, indicating potential weakening of buying momentum.

- **MACD & RSI:** Indicators are not fully visible, but based on the price movement and volume, we can infer momentum is still strong but might be peaking soon.

#### **Wave Analysis:**

- Given the sharp rise in price, this could be considered the **first wave of bullish momentum**. A slight pullback may occur before another upward move.

### **Recommendations:**

#### **Short-Term Trading:**

- If you’re looking for short-term trades, consider entering at **0.3000** if the price retraces. The price may test **0.3163** again and could go higher if the volume continues to increase.

- **Stop-Loss:** Place a stop-loss at **0.2900** (below support).

- **Target:** Aim for a breakout to **0.3300** or higher if momentum sustains.

#### **Long-Term Trading:**

- For long-term holders, accumulating near the **0.2946** level (support) could be a good strategy. Watch for how the token behaves over the next few days, especially regarding volume trends.

- **Stop-Loss:** Use a stop-loss below **0.2900**.

- **Target:** A longer-term target would be to ride the trend above **0.3500**, especially if the coin gains more popularity and liquidity.

### **Trading recommendation:**

💹 Go **long** at **0.3000**, set stop-loss at **0.2900**, and take-profit at **0.3300**.

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