Fartcoin just tapped into a pivotal area after a fast drop that erased over 10% in value. The $0.91 zone now stands as a crucial test—not just because it’s a recent low, but because it aligns perfectly with key technical structures.
We’re talking about the 0.618 Fibonacci retracement drawn from the last major impulse, stacked directly with VWAP-based support from recent highs, and also overlapping a previously swept swing low. These confluences don’t appear often—and when they do, they usually set the stage for an inflection point.
From a structural standpoint, this is the macro higher low that needs to hold if Fartcoin is to maintain its bullish progression. However, one red flag is the continued decline in volume during this drop. Without notable buy-side volume stepping in, the bounce play loses credibility. On the flip side, if we see responsive demand enter here, the path toward a reversion to the $1.29 swing high opens up again.
This isn’t just a bounce-or-die moment—it’s a level where the market needs to show intent. If $0.91 fails, we shift from a structure of higher highs and higher lows into the risk of a lower low forming, potentially resetting the trend altogether.
Bias Summary:
Bullish Bias: Holding $0.91 could lead to a rebound toward $1.29 if accompanied by volume.
Bearish Bias: Failure at this level breaks macro structure and likely signals a deeper correction.
We’re talking about the 0.618 Fibonacci retracement drawn from the last major impulse, stacked directly with VWAP-based support from recent highs, and also overlapping a previously swept swing low. These confluences don’t appear often—and when they do, they usually set the stage for an inflection point.
From a structural standpoint, this is the macro higher low that needs to hold if Fartcoin is to maintain its bullish progression. However, one red flag is the continued decline in volume during this drop. Without notable buy-side volume stepping in, the bounce play loses credibility. On the flip side, if we see responsive demand enter here, the path toward a reversion to the $1.29 swing high opens up again.
This isn’t just a bounce-or-die moment—it’s a level where the market needs to show intent. If $0.91 fails, we shift from a structure of higher highs and higher lows into the risk of a lower low forming, potentially resetting the trend altogether.
Bias Summary:
Bullish Bias: Holding $0.91 could lead to a rebound toward $1.29 if accompanied by volume.
Bearish Bias: Failure at this level breaks macro structure and likely signals a deeper correction.
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Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
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Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。