The $FIO /USDT chart shows a significant surge in price, moving from $0.02476 to a high of $0.04950, reflecting an impressive gain of 50.70% within the 4-hour timeframe. This sharp rise indicates strong bullish momentum, likely driven by an influx of buying activity or a positive market catalyst. The current price, $0.04224, suggests a slight retracement after reaching the peak, as traders might be taking profits.
The immediate resistance is at $0.04950, the recent high. If the price breaks above this resistance, it could signal further upward momentum. On the downside, the key support level is likely around $0.03259, where the price could stabilize in case of a more substantial pullback. A break below this level could indicate a deeper correction.
For traders looking to enter a long position, a breakout above $0.04950 with strong volume would be an ideal opportunity. On the other hand, a retracement to the $0.03259 support level could provide a better risk/reward scenario. In both cases, stop-losses should be placed below key support levels to protect against volatility and potential downside risks.
$FIO $ETH #BTCâ #CATIonBinance #NeiroOnBinance #BinanceLaunchpoolHMSTR #USRetailSalesRise
