$FXS /USDT: Market Update & Strategy Overview!🔥
Target Achieved! FXS has displayed an impressive surge, reaching a high of $3.72 after a massive +27.5% rally in the last 24 hours. The market now shows signs of consolidation around $3.12, presenting opportunities for both short-term and long-term traders.
Next Potential Move
The chart reveals a strong bullish breakout followed by minor profit-taking. If bulls regain momentum, the next resistance level is $3.80, with potential to climb towards $4.00. However, failure to hold above $3.00 could lead to a retest of support at $2.80.
Trading Strategy
• Long Entry: Consider buying near $3.00-$3.10 with a target of $3.80-$4.00. Stop-loss: $2.85.
• Short Entry: Enter below $3.00, targeting $2.80-$2.70. Stop-loss: $3.20.
This consolidation phase could lead to either a breakout or retracement—trade cautiously. Secure partial profits and adjust stop-loss levels to protect gains. Stay vigilant!
