$FIRO



Chart Overview:

  • Timeframe: 15-minute

  • Current Price: $1.452

  • Resistance Zone: $1.44 - $1.46

  • Support Level: $1.39 (based on the 200-MA)

Key Indicators:

  1. Moving Average (200-SMA): The price remains above the 200-SMA, signaling an ongoing bullish momentum in the short term.

  2. RSI: At 62.26, the RSI is nearing the overbought zone, indicating that the current upward move might face resistance or consolidation shortly.

  3. MACD: The MACD lines are above the zero line but show minimal divergence, suggesting mild bullish momentum.

Technical Outlook:

  • The price has rallied and is currently testing the upper boundary of the resistance zone ($1.44 - $1.46).

  • Sustained movement above $1.46 with increasing volume could confirm a breakout, potentially leading to the next resistance levels around $1.50 or higher.

  • However, a failure to break through the zone might result in a retracement toward $1.40 or the 200-SMA at $1.39.




Firo shows promising momentum, but the resistance zone at $1.44 - $1.46 serves as a critical test. Traders should closely monitor volume and momentum indicators for potential breakout confirmation or retracement.