Analysis Conclusion:
The FXS/USDT market is currently in a bullish phase (uptrend) after recovering from the low price. The significant increase of +18.51% in the last 24 hours shows high buying interest, supported by a surge in trading volume. However, high volatility can make the price move quickly in a short time.
The Right Time to Buy:
1. Wait for Correction:
After a sharp increase, the price will usually experience a correction (temporary decline). The best time to buy is when the price returns to the support level (eg around 4.2 - 4.4 USDT) to reduce risk.
2. Pay Attention to Indicators:
Stochastic RSI: If this indicator shows oversold conditions (below 20), it can be a buy signal.
Trading Volume: Make sure the volume is still high, because it shows market interest.
3. Key Levels to Watch:
Strong support: 4.2 USDT
Next resistance: 5.0 - 5.1 USDT
If price manages to break through this resistance with high volume, the bullish opportunity is greater.
4. Diversify Risk:
Do not buy the entire position at once. Use dollar-cost averaging (DCA) strategy to reduce risk due to volatility.
If there is additional data or you would like to see more specific signals, let us know!
