Fatcoin Daily Analysis – Key Support and Potential Bullish Expan

Fatcoin is currently testing a key technical zone on the daily timeframe, with a wick into the 0.618 Fibonacci retracement level, which aligns with both the VWAP and the value area high. A rejection at this level could lead to a retest of lower support, particularly around the bullish order block, which also confluences with the VWAP and another 0.618 Fibonacci pull.

If price action establishes a base at this support level, it increases the probability of a bullish expansion, potentially leading to a wave 2 correction that sets the stage for a wave 3 breakout. However, confirmation is still needed before considering a long trade.

Key Takeaways:

• Fatcoin has wicked into a major confluence zone with VWAP, 0.618 Fib, and value area high.
• A bullish base formation at lower support could trigger a wave 3 expansion.
• Invalidation of the setup occurs if price takes out the key low, continuing the downtrend.

For now, traders should monitor price structure and volume reactions at key support. If a strong base forms, it may present a high-probability long opportunity, but risk management remains essential.