📈LONG FARTCOINUSDT.P from $0.3590 🛡 Stop Loss: $0.3465 🕒 Timeframe: 1H ⚡️ Overview: ➡️ FARTCOINUSDT.P is showing bullish momentum on the 1-hour timeframe. ➡️ The price has recently broken through the resistance zone at $0.3590, which could serve as an entry point for a long position. ➡️ The chart shows an accumulation zone in the $0.3374–$0.3590 range, where volumes (visible on the volume profile to the left) indicate strong buyer interest. ➡️ The POC (Point of Control) is at $0.3462, confirming support below the current price. ➡️ The price is maintaining an uptrend structure: higher lows and highs are forming, and the breakout at $0.3590 is accompanied by increasing volumes, signaling bullish activity. ➡️ The #RSI (14) indicator on the 1H timeframe is at 65, indicating bullish momentum without being overbought, leaving room for further growth. 🚀 Plan: ➡️ Entry: Buy above $0.3590 after the 1-hour candle closes above this level to confirm the breakout. ➡️ Stop Loss: Set at $0.3465 (below the support zone and POC), which provides a 3.5% risk from the entry point and protects against false breakouts. ➡️ Risk/Reward Ratio: From 1:2 (for TP1) to 1:5.5 (for TP3), making this trade attractive from a risk management perspective. 🎯 Take Profit Targets: 💎 TP1: $0.3660 (nearest resistance level, +1.9% from entry) 💎 TP2: $0.3730 (zone of previous highs, +3.9%) 💎 TP3: $0.3790 (key growth target, +5.6%)
📢 A price consolidation above $0.3590 with sustained volume increases the likelihood of reaching the targets. The $0.3660 and $0.3730 levels may act as profit-taking zones, so monitor price action in these areas. 📢 Risks: If the price drops below $0.3465, it could signal a false breakout and a return to the consolidation zone of $0.3374–$0.3465. In this case, consider reassessing the position. 📢 Market Context: The rise of FARTCOINUSDT.P may be supported by the overall positive sentiment in the crypto market. As of March 19, 2025, BTCUSDT.P is trading steadily above $90,000, creating a favorable backdrop for altcoins.
FARTCOINUSDT.P is showing strength and potential for growth on the 1H timeframe. A confirmed breakout above $0.3590 is your signal to act! We expect a move toward the $0.3660–$0.3790 levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.