$FIRO (FIRO/USDT): Bull Run Analysis 🔥💯
The recent surge in Firo (FIRO/USDT) on Binance reflects strong bullish momentum, with a +8.53% increase in the last 30 minutes and a cumulative 104.17% growth over the last 90 days. This upward movement suggests that the asset has entered a bull run phase.
Current Price: $2.546
Target Levels:
1. Short-Term Target: $2.75
2. Medium-Term Target: $3.10
3. Extended Target: $3.50
Stop Loss
To manage risks, consider setting your stop loss at $2.30 to protect against sudden market reversals.
Analysis
• The chart highlights consistent higher lows, a key indicator of strong buyer interest.
• The breakout above $2.50 signals potential for further upward movement.
• Volume is supporting the move, indicating healthy market participation.
Recommendation
If you are considering entry, look for minor pullbacks to $2.50 for a better risk-to-reward ratio. Ensure strict adherence to stop-loss levels to mitigate risks.
Stay cautious, monitor market conditions, and trade responsibly.
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