🚨 $FXS PRICE SURGE: Explosive Gains in Play 🚨
$FXS is currently trading at $2.964, up by an impressive 18.13%, as it approaches the $2.975 resistance zone after rebounding from a low of $2.386 earlier today. The strong momentum suggests further potential for upward movement.
Key Levels to Watch
Resistance: $2.975 (24-hour high)
Support: $2.788
Trade Setup:
Long Entry: Consider entries around $2.96, targeting:
1. $3.00 (psychological resistance)
2. $3.08 (next key level)
Short Entry: If $FXS faces rejection at $2.975, target:
1. $2.80 (retracement zone)
2. $2.60 (deeper correction)
Risk Management:
Stop-loss: $2.75 to protect gains against downside volatility.
Market Insight:
The sharp rally in FXS highlights significant buying interest. Watch for a breakout above $2.975, which could confirm a strong bullish continuation. However, a rejection may lead to a quick pullback toward support zones.
