Strategic Long Entry in FARTCOIN/USDT Near Support Levels Amid Controlled Correction

The technical analysis of FARTCOIN/USDT indicates moderate greed with a Fear & Greed index at 63, suggesting some speculative interest. Funding remains positive but is decreasing, implying waning enthusiasm from longs. Open interest has declined from its peak, removing some overly leveraged longs, yet the leverage ratio remains above average. The volume profile highlights accumulation between 1.08 and 1.15 and distribution around 1.30 to 1.35, with clear liquidation clusters at 1.05/1.00 for longs and 1.32/1.44 for shorts. The price stays above the rising Ichimoku cloud but is testing the upper boundary near 1.14, with the Tenkan line below the Kijun indicating a correction within an overall bullish outlook. The recent strong impulse ranges from 0.84 to 1.42. Fibonacci retracements suggest current support levels around 1.146 and 1.130, with key supports at 1.08 and 1.014, while resistance zones are identified at 1.30–1.35 and 1.42. A long position could be considered from support zones between 1.130 and 1.145, with a stop-loss below 0.982 to avoid liquidation clusters. Profit targets are set at 1.32, 1.42, and 1.55, with a potential trailing stop as the position develops. Overall, the market shows a controlled correction within a bullish trend, offering strategic entry points at support levels and clear profit zones aligned with the Fibonacci extensions.