🚀
$FIRO /USDT Price Action: Opportunities for Long & Short Trades 🔥
📈 Current Price: $2.235 (+30.32%)
🎯 Targets for Long Trades:
Target 1: $2.50 (Key resistance zone)
Target 2: $2.70 (Momentum continuation)
Target 3: $2.90 (Test of 24H high at $2.840)
💡 Long Trade Signal:
Enter above $2.30 for a breakout play.
Set stop-loss at $2.10 for risk management.
Monitor for bullish volume to sustain the upward momentum.
📉 Targets for Short Trades:
Target 1: $2.10 (Support retest)
Target 2: $1.95 (Major support zone)
Target 3: $1.80 (Deeper retracement)
💡 Short Trade Signal:
Enter below $2.20 for a breakdown confirmation.
Set stop-loss at $2.35 to limit losses.
Watch for decreasing volume and bearish candlestick patterns.
📊 Market Insight:
$FIRO /USDT surged from $1.650 to $2.840, showing strong bullish momentum. However, profit-taking is evident at higher levels, leading to consolidation. Both long and short opportunities are present depending on price action near key levels.
🚀 Actionable Tips:
For long traders, hold positions if $2.30 support holds.
For short traders, look for breakdowns below $2.20 with weak buying interest.
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