FIGHT/USDT: Breakout or Fakeout? & Plan
$FIGHT is showing strong volatility following its recent launch on the Binance Futures market. After a significant rally, we are seeing a minor rejection at the local top, but the overall structure remains interesting.
🔍 Chart Insights:
Current Trend: The price is up +5.09% over the last 24 hours, currently trading around $0.023257.
Support & Resistance:
Resistance: Immediate resistance at the 24h high of $0.025408.
Support: Strong immediate support found at the $0.022000 psychological level, with a deeper 24h low at $0.020370.
Volume: High trading volume of 37.80M USDT indicates significant interest and liquidity for this newly listed pair.
📈 Future Trade Plan
🚀 Bullish Scenario (Long)
Entry: Above $0.024000 (Wait for candle close above the recent consolidation).
Targets: $0.02540 (24h High) | $0.02750 | $0.03000.
Stop Loss: Below $0.022500.
📉 Bearish Scenario (Short)
Entry: If price fails to break resistance and loses the $0.023000 level.
Targets: $0.02150 | $0.02030 (24h Low).
Stop Loss: Above $0.024200.