Farcaster

The price is likely to face selling pressure in the 110K–111.7K zone.

2. If the price fails to break above this level and forms a strong bearish reversal candle:



A correction phase is likely to begin.

First target: 102K–103K

Second target: 95K–98K (bullish FVG zone)

If this zone breaks, a move toward 91K–93K becomes possible.


3. This scenario would be invalidated only if the price breaks above 111.7K with strength (strong candles and high volume) and holds above that level.

The price has hit the first correction target exactly at 102,300.

The upward reaction back to 105K is natural, but it’s not yet a sign of a full recovery.

The key level to watch is the 105K–106.5K zone — how the price behaves there will determine the next move.