FARTCOIN / USDTLong
Fartcoin - Fart is about to explode?
Fartcoin decisively broke out above the descending wedge, retested the top ascending line and is moving up. Momentum indicators are all in the bull territory. However, there is a large sell block sitting above. I think the price will eventually break out to upside, but until the sell block disappears the price might move sideways for a while, struggling to move above Fib 0.786 level (last line of defence for the bear). I don't trade meme coins, but if I have to trade, I will enter at $1 zone with stop loss at $0.69 and profit target at $1.68 (1.618 Fib extension level). Ris/Reward ratio is 2:08. I own a bag of fartcoins and intend to take profit in stages when momentum indicators show clear negative divergence in 4H or Daily chart.
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.