$FIRO /USDT Massive Breakout with Overbought Momentum #FIRO is currently trading at $2.484, up +24.57%, after surging from a 24-hour low of $1.976 to a high of $2.660. The RSI is at 83.56, signaling overbought conditions, and the MACD reflects strong bullish momentum.
Key Levels to Watch:
Resistance: $2.550 – A breakout above this level could push FIRO toward $2.660 and potentially $2.750.
Support: $2.400 – Holding this level is essential to maintain the bullish trend. A drop below could test $2.300.
Trade Setup:
Long Entry: Above $2.500, targeting $2.550 and $2.660.
Short Entry: Below $2.400, targeting $2.300 and $2.200.
Stop-Loss: $2.450 for longs or $2.420 for shorts.
Market Insight:
FIRO has shown explosive momentum, backed by high volume and a positive MACD crossover. However, overbought RSI levels indicate a risk of short-term pullback or consolidation before further upward moves. Traders should monitor closely for breakout confirmation or signs of reversal.