$FIDA Signal | Multiple pullbacks, wait for strong support


$FIDA 1H MACD bearish momentum continues to release, funding rate -0.011% but deep sell orders pressing down, RSI 4H at 71 indicating overbought and potential pullback pressure. Buy orders are sparse, selling pressure concentrated around 0.0335.
🎯 Direction: Long (buy on pullback)
⚡ Entry/Order: 0.02645 (lower bound of the range)
🛑 Stop loss: 0.02239
🚀 Target 1: 0.03458
🚀 Target 2: 0.03865
🛡️ Trading management: Reduce 50% at Target 1, move stop loss up to 0.02645 to break even. If price drops below 0.02239, exit strictly without holding the position.
Depth logic: 4H trend remains upward, EMA20/50 in bullish alignment, but 1H MACD death cross and depth imbalance resonate, short-term need to release selling pressure. Negative funding rate suggests crowded shorts, and a volume increase in buy orders below could trigger a short squeeze. 0.02645 is a previous high-volume trading zone and Bollinger lower band support, with a favorable risk-reward ratio at this level. Patience and wait for the price to reach before acting.
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FIDA25.83%
HYPE17.94%
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PleaseAdviseTheContra
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GateUser-e63b129c
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