FARTCOIN (FART/USDT) – Breakdown Complete! What’s Next?

This is the latest update on FARTCOIN. FARTCOINUSDT.P

Unfortunately, my previous post on TradingView was hidden due to community guideline issues. However, we’re back with a clean and updated analysis on how the move played out — and what could be coming next.

📉 Trade Recap:
In the last setup, we identified a bearish opportunity as FARTCOIN broke down from the ascending channel. We shorted the move — and all four Fibonacci retracement targets have now been successfully hit:

✅ 0.382 ($0.5320)

✅ 0.5 ($0.4963)

✅ 0.618 ($0.4606)

✅ 0.786 ($0.4098) — currently being tested

🔎 Current Market Outlook:
Price has now reached the 0.786 Fib level, which historically acts as a deep retracement support.

If $0.4098 holds, we might see a short-term bounce or reversal from here.

If it breaks below $0.4098, the next downside target sits at the 1.0 Fib extension — around $0.3450.

A strong recovery above $0.4600 could invalidate the bearish structure and invite bullish momentum back into the market.

🎯 What to Watch:
🔸 $0.4098 support – bounce or breakdown?
🔸 $0.4600 resistance – reclaim it for a shift in bias
🔸 Volume – confirmation on breakout/reversal moves

⚠️ Trade Wisely! This is not financial advice—always manage risk and trade smart.

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Thanks for the continued support! 💚
Drop your thoughts below — bullish bounce or more bleed? 👇