$FIS /USDT Technical Analysis Update
📊 Current Price: $0.4679
🔼 24h Change: +10.54%
📈 Volume (24h): 80.18M FIS
Technical Levels and Targets:
1. Target 1 (Achieved): $0.5000
FIS tested and briefly crossed the $0.5000 level before retracing, indicating resistance at this psychological level.
🔹 Action: Secure partial profits and adjust stop-loss to $0.4500 to manage downside risks.
2. Target 2: $0.5500
The next key resistance is $0.5500, aligning with recent highs and Fibonacci retracement levels. A breakout above $0.5000 could lead to a test of this zone.
🔹 Strategy: Watch for confirmation of a breakout with increasing volume to hold or add positions.
3. Target 3: $0.6000
Breaking $0.5500 with strong bullish momentum may push FIS to test $0.6000. This level is both a technical and psychological resistance.
🔹 Plan: Gradually lock in profits near this level while monitoring for potential volatility.
Technical Indicators:
Momentum: Short-term bullish momentum persists, with potential consolidation near resistance levels.
Volume: High buying interest supports the uptrend.
Support Zones: $0.4500 and $0.4000 (key levels to watch for retracements).
Trade Recommendations:
Secure profits at $0.5000 and $0.5500, while maintaining a stop-loss near $0.4500.
Watch for breakouts with confirmation to consider re-entry or scaling positions.
Avoid chasing; use pullbacks to support zones for new entries.