$FIRO Analysis: Bullish Momentum in Play
The $FIRO market has displayed an impressive rally, surging from a low of $1.65 to a high of $2.22 within 24 hours, marking a significant gain. With the current price hovering around $2.10, traders should closely monitor its next moves for potential breakout or retracement opportunities.
Key Levels to Watch:
Resistance: $2.22
Support: $1.82
Trade Setup:
Long Entry: Above $2.22, with targets at $2.30 and $2.45.
Short Entry: Below $2.00, targeting $1.85 and $1.75.
Risk Management:
Stop Loss: Place it near $1.95 for long positions and $2.25 for shorts.
This momentum hints at strong buyer interest, but traders should remain cautious of potential volatility around these levels. Use proper risk management to capitalize on the move effectively.
