$FXS /USDT Technical Analysis & Trade Signals

Current Price: $3.752

Momentum: Bullish (+5.30% in the last 24H)

Volume: Increasing ($10.49M in USDT), indicating strong market activity.

Key Levels

1. Support Levels:

Primary Support: $3.50

Secondary Support: $3.30

2. Resistance Levels:

First Resistance: $3.90

Second Resistance: $4.10

Major Resistance: $4.35

Trade Strategy

Trade Setup: Momentum suggests a breakout is likely, but minor corrections could offer better entry points.

Entry Zone:

Buy Entry: $3.60 – $3.75

Targets 🎯:

1. Target 1: $3.90 (Short-term target, focus on breakout strength)

2. Target 2: $4.10 (Mid-term target; likely if momentum sustains)

3. Target 3: $4.35 (Aggressive target; achievable with continued volume spike)

Stop-Loss:

Place a stop-loss at $3.30 to minimize risk in case of market reversal.

Momentum Indicators

RSI: Bullish, trending near 60-70 (No signs of overbought yet).

MACD: Positive crossover, confirming upward momentum.

Moving Averages: Price above 20 EMA, indicating strong short-term uptrend.

Conclusion

FXS/USDT shows strong bullish momentum with high trading volumes and breakout potential. Focus on breakout above $3.90 for short-term gains, but keep an eye on resistance at $4.10. If breached, $4.35 becomes a realistic target.

Trade cautiously and adjust positions as market conditions evolve.

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