## The Most Deceptive Chart Pattern In Crypto Right Now 💣
The 4-hour FARTCOIN/USDT chart reveals a textbook example of parabolic extension that's setting up for a critical reversal. This explosive move (+13.93% today) has created the perfect storm for smart traders to position ahead of what appears to be an inevitable correction.
🔥 TECHNICAL ALARM BELLS SCREAMING:
💥 Triple Channel Overextension
* FARTCOIN trapped in powerful ascending yellow megaphone pattern
* Secondary gray channel providing momentum framework
* Price hitting upper boundaries of BOTH channels simultaneously
* Current price ($1.06284) testing resistance cluster
💥 Unsustainable Vertical Rally
* 200%+ gain from April lows ($0.35503) to current levels
* Extreme volume spike (634.2K) signaling potential exhaustion
* Parabolic acceleration far exceeding mean channel growth rate
* Candle structure showing early reversal signals at resistance
💥 Blue Forecast Path: The Smart Money Road Map
* Initial testing of $1.20 psychological resistance
* Multiple retests of the $1.00 psychological support
* Final capitulation toward $0.85-0.90 channel support area
Why This Pattern Is SIGNIFICANTLY More Important Than It Appears
This isn't just another correction—it's the classic "blow-off top" formation that has historically preceded major reversals in speculative assets. The confluence of technical factors suggests we're witnessing the final phase of a multi-week uptrend.
🧠 The Psychology Behind This Pattern:**
* Retail FOMO creating final buying surge
* Smart money distribution happening during high volume spike
* Divergence between price action and momentum indicators
* Pink consolidation zone formed perfect launchpad for final push
## The ACTIONABLE STRATEGY For Maximum Protection & Profit
For CURRENT HOLDERS:
* Consider taking partial profits above $1.10
* Set trailing stops at $1.03 to protect gains
* Prepare for 20-30% retracement possibility
For NEW POSITIONS:
* Primary entry zone: $0.88-$0.92 (lower channel support)
* Potential secondary entry: $0.98-$1.02 (psychological support)
* Invalidation point: Sustained trading above $1.20
Risk:Reward = 1:3 on counter-trend positioning
The Hidden Market Dynamics Few Are Noticing
The explosive move coincides with broader altcoin rotation and appears to be sector-specific rather than fundamentally driven. The technical pattern suggests institutional distribution rather than accumulation—a critical distinction for timing the reversal.
Trade active
more then -16% down now more to see soon
Trade closed: target reached
more then 20% down done and then we go up 16% from second entry in 0.98$ done also
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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.
Related publications
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.