Let’s break down why this setup may present an attractive intraday or short-term play, and map out the critical triggers, levels, and risk points for traders:
▶️ Technical Story at a Glance:
FARTUSDT has rallied hard off the prior demand/POI zones, climbing steadily in a rising channel on the 15-minute chart.
The move has brought price directly into a well-defined supply/resistance zone — an area where sellers have historically taken control.
Momentum is showing some warning signs: there’s a clear bearish divergence forming on the Stochastic RSI as price makes higher highs while the oscillator prints lower highs.
Volume remains supported on the push up but shows no major breakout yet.
This structure is classic for possible exhaustion at the top — buyers could lose steam and trigger a pullback, but a clean breakout is not off the table if momentum surges.
▶️ The Trade Idea:
Plan:
Wait for price action at the upper channel/supply zone.
Short Setup: Enter a short if price prints a strong rejection candle at supply (especially with increased volume and Stoch RSI rollover).
Target: Lower channel boundary and/or demand zone ($1.27–$1.29 region)
Stop Loss: Just above supply zone ($1.33–$1.34), in case of an upside breakout.
Breakout Setup: If price breaks and holds above supply with conviction (strong close + volume = confirmation), switch bias and look for breakout long.
Target: Next supply/POI zone, $1.37–$1.39
Stop Loss: Just back inside prior supply (~$1.31)
▶️ Trade Management & Execution:
Wait for confirmation: Don’t chase early! Watch for volume and reversal signals at supply, or for a clean, supported breakout.
If entering short, trail stop down as price approaches the lower channel/demand to lock in partial profits.
If breakout triggers, monitor for rejection/washout and be quick to de-risk on a fakeout.
As always: position size to only risk 1–2% of account equity.
▶️ Why This Setup?
Clear, actionable technical levels with well-defined risk.
Structure supports a high-probability mean reversion (if rejection), while allowing for a fast pivot to bullish breakout scenario.
StochRSI divergence and channel structure provide a roadmap for both conservative and aggressive trading tactics.
▶️ Key Levels Recap:
Short Trigger: Rejection at $1.32–$1.34 (supply with divergence)
Short Target: $1.27–$1.29 (demand/channel lower bound)
Breakout Trigger: Strong close above $1.34 + volume
Breakout Target: $1.37–$1.39
Stops: Above/below supply for shorts/longs; never risk more than you can afford.
Keep your eyes on the price/volume behavior at supply, watch for divergence confirmation, and be nimble — false breakouts/fakeouts are common in this structure. Manage your plan & size at all times!
▶️ Technical Story at a Glance:
FARTUSDT has rallied hard off the prior demand/POI zones, climbing steadily in a rising channel on the 15-minute chart.
The move has brought price directly into a well-defined supply/resistance zone — an area where sellers have historically taken control.
Momentum is showing some warning signs: there’s a clear bearish divergence forming on the Stochastic RSI as price makes higher highs while the oscillator prints lower highs.
Volume remains supported on the push up but shows no major breakout yet.
This structure is classic for possible exhaustion at the top — buyers could lose steam and trigger a pullback, but a clean breakout is not off the table if momentum surges.
▶️ The Trade Idea:
Plan:
Wait for price action at the upper channel/supply zone.
Short Setup: Enter a short if price prints a strong rejection candle at supply (especially with increased volume and Stoch RSI rollover).
Target: Lower channel boundary and/or demand zone ($1.27–$1.29 region)
Stop Loss: Just above supply zone ($1.33–$1.34), in case of an upside breakout.
Breakout Setup: If price breaks and holds above supply with conviction (strong close + volume = confirmation), switch bias and look for breakout long.
Target: Next supply/POI zone, $1.37–$1.39
Stop Loss: Just back inside prior supply (~$1.31)
▶️ Trade Management & Execution:
Wait for confirmation: Don’t chase early! Watch for volume and reversal signals at supply, or for a clean, supported breakout.
If entering short, trail stop down as price approaches the lower channel/demand to lock in partial profits.
If breakout triggers, monitor for rejection/washout and be quick to de-risk on a fakeout.
As always: position size to only risk 1–2% of account equity.
▶️ Why This Setup?
Clear, actionable technical levels with well-defined risk.
Structure supports a high-probability mean reversion (if rejection), while allowing for a fast pivot to bullish breakout scenario.
StochRSI divergence and channel structure provide a roadmap for both conservative and aggressive trading tactics.
▶️ Key Levels Recap:
Short Trigger: Rejection at $1.32–$1.34 (supply with divergence)
Short Target: $1.27–$1.29 (demand/channel lower bound)
Breakout Trigger: Strong close above $1.34 + volume
Breakout Target: $1.37–$1.39
Stops: Above/below supply for shorts/longs; never risk more than you can afford.
Keep your eyes on the price/volume behavior at supply, watch for divergence confirmation, and be nimble — false breakouts/fakeouts are common in this structure. Manage your plan & size at all times!
Disclaimer
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.
Disclaimer
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.