Technical Analysis for FIRO/USDT:
Current Price: $1.71
24h High: $1.749
24h Low: $1.552
24h Volume: 1.05M FIRO
SAR (Stop and Reverse): 1.613 (indicating a potential bullish trend reversal if price stays above this level)
Trade Momentum:
The price has been showing strong upward momentum with a +10.07% increase in the last 24 hours. The SAR indicator suggests bullish momentum, as the price is currently above the SAR level of 1.613. This is a sign that buying pressure may persist.
Trade Signal:
Buy Signal: Enter at current levels around $1.71.
Stop Loss: $1.60 (below SAR support, minimizing risk in case of a reversal).
Target Levels:
1. Target 1: $1.749 (recent 24h high and possible resistance)
2. Target 2: $1.80 (next psychological resistance level)
3. Target 3: $1.85 (higher resistance, based on recent price movement)
Conclusion:
With strong upward momentum, the current trend favors buying. However, the key levels to watch are $1.749 (resistance) and $1.60 (support) for a potential trend reversal. Stay cautious and monitor for any signs of bearish pressure near the target levels.
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