$FIRO /USDT Bullish Momentum Guy's but Beware of Reversals $FIRO is trading at $2.185, with a 9.25% surge in the past 24 hours. While bullish momentum dominates, overbought signals indicate a potential short-term reversal.
Key Levels to Watch:
Resistance 1: $2.25
Resistance 2: $2.35
Support 1: $2.10
Support 2: $2.00
Trade Setup (Long and Short):
Long Entry: Above $2.20
Take Profit (TP):
1. $2.25
2. $2.35
3. $2.50
Stop-loss: $2.10
Short Entry: Below $2.15
Take Profit (TP):
1. $2.10
2. $2.00
3. $1.95
Stop-loss: $2.25
Market Insight:
The RSI is above 76, signaling overbought conditions, which may trigger profit-taking and a possible pullback. High trading volume supports bullish continuation, but a failure to hold above $2.15 could lead to a downward correction toward $2.00 or lower.
Stay vigilant and implement tight risk management to adapt to rapid market changes.