🏹 Is Falcon Finance (
$FF ) preparing for a massive lift-off from this accumulation base?
The price action on the daily chart shows a potential bottoming formation right at a major Support Zone. While the overall trend has been bearish, we are seeing signs of selling exhaustion. A decisive close above the immediate Resistance Level could trigger a short-term rally as shorts begin to cover their positions.
Potential Entry: Breakout and retest of the immediate Resistance Level.
Targets: 🎯 Target 1 (Psychological Pivot), 🎯 Target 2 (Swing High), 🎯 Target 3 (Upper Liquidity Area).
Stop Loss: Below the recent Structural Low or the 24h Low wick.
Trade Logic: Increased volume at lower levels combined with a stabilizing price suggests that buyers are stepping in. If the Support Zone holds, the risk-to-reward ratio for a long position looks favorable.
Disclaimer: High volatility expected. Always trade with a plan. Not financial advice.
Will the bulls be able to flip this Resistance into Support? 🤔
#FFUSDT #CryptoAnalysis