$FIRO /USDT - Breakout in Progress, Targets Ahead
Chart Overview: FIRO/USDT shows a strong bullish momentum, breaking out from key levels with increased volume. The price recently hit $2.67, gaining over 16% in a single session. The Bollinger Bands expansion highlights heightened volatility, and the Moving Averages align upward, supporting bullish sentiment.
Key Levels:
Resistance: $2.67 (current breakout level) and $2.80 (next major barrier).
Support: $2.20 (recent low and demand zone).
Entry Strategy:
Short-term Long Entry: $2.60–$2.67.
Long-term Accumulation Zone: $2.40–$2.50.
Stop Loss: Place at $2.55 (short-term) or $2.20 (long-term) to manage risk.
Targets:
Short-term Target: $2.80.
Long-term Target: $3.00–$3.20 if momentum sustains.
Observation: The recent breakout above the upper Bollinger Band indicates a potential continuation of the rally. However, the volume surge suggests profit-taking opportunities at resistance levels. Traders should trail stop losses to protect gains while monitoring volume for confirmation of sustained buying.
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