FARTCOINUSDT: Inverse Head & Shoulders pattern

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Let's analyze Fartcoinusdt :

FARTCOINUSDT has completed a classic Inverse Head & Shoulders pattern, signaling a potential bullish reversal. The neckline breakout around 0.7390 aligns with the 0.5 Fibonacci retracement level and 100 EMA adding strong confluence. Price is now retesting this zone after a brief rally, with current support holding firm near 0.77. As long as this level remains intact, bulls are in control. A successful bounce here could lead to a continuation toward the $1.00 psychological zone and beyond. However, a daily close below the neckline could invalidate the structure. Watch for strong bullish reaction in this key demand area to confirm trend continuation.

Support: $0.73- $0.66
Resistance: $1

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Happy Trading!!
Trade active
That support held strong! We've seen a powerful 25% bounce! 🔥 Get ready, meme coins are leading the next rally! 🚀
snapshot
Trade closed: target reached
FARTCOIN +50% 🚀🔥
Fartcoin has successfully broken the $1 resistance level. If it manages to hold above this on the daily chart, the next potential upside target is around $1.47.

snapshot

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