$FIRO /USDT Trading Signals Monitoring Consolidation
Current Price: $2.142
#FIRO is consolidating after a sharp dip, showing potential for either a recovery or further downside movement.
Key Levels to Watch:
Support: $2.04 (critical for preventing further decline), $1.96 (next strong support).
Resistance: $2.30 (immediate target), $2.48 (key hurdle for bullish momentum).
Trading Strategy:
For Bulls: Consider entries near $2.04, targeting $2.30 and $2.48. Maintain a stop-loss below $1.96 for risk management.
For Bears: Short on rejection at $2.30, targeting $2.04 and $1.96. Use a stop-loss above $2.35.
Market Insights:
The RSI at 41.67 suggests the coin is approaching oversold conditions, signaling a potential short-term bounce. However, weak volume highlights the need for cautious trading. Watch $2.30 for a decisive breakout or rejection!