Here’s a concise technical analysis and trade signal for the $FIRO /USDT pair:
Technical Analysis:
Current Price: $2.07 (with a +20.64% increase over 24 hours)
Trend: Bullish momentum, as the price is approaching the 24h high.
Support Level: $1.650 (24h low)
Resistance Level: $2.288 (24h high)
SAR (Stop and Reverse): 2.227, indicating potential continuation of the upward trend.
Volume: Significant buying pressure, with 24h volume at 5.52M FIRO and 10.73M USDT.
Trade Signal:
Trade Type: Buy
Entry Price: $2.07
Momentum: Bullish, with increasing volume and price above SAR indicator.
Target Levels 🎯:
1. Target 1: $2.20 (short-term resistance zone)
2. Target 2: $2.30 (key psychological level)
3. Target 3: $2.50 (longer-term target based on the current bullish momentum)
Stop Loss: $1.85 (below the support level)
Trade Momentum:
Strong bullish momentum with a 20.64% increase in 24 hours.
Volume spike suggests buying interest.
RSI (Relative Strength Index) and other indicators like the SAR suggest further upward movement if momentum continues.
This setup favors a bullish breakout with a risk-managed entry. Keep monitoring price action for any changes.
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