$FIRO Explodes Over 43% in 24 Hours! Buy, Sell, or Hold? 🚀
Current Market Action
$FIRO is up 43%, trading at $2.41 after hitting a high of $2.84.
With strong momentum and high volumes, the question is: what should traders do now?
Buy, Sell, or Hold?
1. Buy:
If $FIRO consolidates and holds above the $2.31 (25 EMA), it could signal strength for another leg up.
Breakouts above $2.45 could target $2.84 and beyond, making a new buy opportunity ideal for momentum traders.
2. Sell:
If you bought in the $1.60-$2.00 range, this is a great chance to secure profits, especially if the price struggles to break $2.45.
Overbought conditions on the RSI suggest a short-term pullback could be imminent.
3. Hold:
If you're already in profit but expecting higher targets (like $3.00 or more), holding might be a good strategy. Ensure your stop-loss is in place (suggested at $2.20) to protect gains.
Final Recommendation
Short-Term Traders:
Look for breakout confirmation above $2.45 to re-enter or take profits if resistance holds.
Long-Term Holders:
The strong trend above the 99 EMA ($1.99) suggests FIRO could remain bullish in the medium term. Hold with a stop-loss to manage risk.
The next few candles will be crucial to determine whether FIRO continues its climb or takes a breather.
Trade wisely and stay prepared!"