$FIRO /USDT Analysis – Bull Run in Motion!🔥💯
The FIRO/USDT pair has confirmed a bullish breakout on the 30-minute chart, with a strong surge in price action pushing above $1.62. This movement indicates potential momentum for further upside.
Key Levels:
• Current Price: $1.622
• Immediate Resistance: $1.71
• Next Target: $1.75 (short-term)
• Stop Loss: Place at $1.55 to manage risk effectively.
Market Overview:
• 24h Change: +4.71%
• Volume Surge: A significant increase in 24h volume indicates growing interest and potential for continuation.
Trading Plan:
1. Entry Point: Buy in the $1.60–$1.62 range for a better risk-reward ratio.
2. Target Zones:
• Short-Term: $1.75
• Mid-Term: $1.85 (if bullish momentum sustains)
3. Stop-Loss: Strictly maintain a stop loss at $1.55 to protect capital.
Advice:
While the breakout is promising, securing partial profits near $1.70–$1.75 is advisable. Keep a close eye on volume and price behavior around resistance levels. Adjust stop losses to breakeven as the price progresses to minimize downside risk.
Trade wisely and stay updated for further movements!