Target Achieved: $FXS Rally in Full Swing 🚀
Current Price Movement:
$FXS is trading at $3.362, boasting an impressive +44.44% daily gain. Breaking free from its recent downtrend, it hit a 24-hour high of $3.724, signaling strong bullish sentiment.
Analysis and Outlook:
Short-Term View:
The breakout from the $2.80–$3.00 consolidation zone highlights robust momentum. If the uptrend persists, the next resistance lies between $4.00 and $4.20, where traders may consider profit-taking.
Long-Term View:
If $FXS can maintain a price above $3.50 with sustained volume, it could target $4.50–$5.00 in the mid-term. Watch for volume decreases or pullbacks to $3.20 for potential re-entry points.
Trading Signals:
Long Position: If FXS remains above $3.50, consider entering with a stop-loss below $3.20. Targets: $3.90 and $4.20.
Short Position: A rejection near $3.80–$4.00 may present a short opportunity, aiming for $3.20 with a stop-loss above $4.10.
Tips for Traders:
Lock in partial profits as FXS approaches $4.00.
Tighten stop-losses to safeguard gains amid rising volatility.