Target Achieved: $FXS Rallying Strong 🚀
Current Price Action:
$FXS is trading at $3.556 with a stunning +44.44% daily gain, breaking out from the recent downtrend with exceptional momentum. The pair reached a 24h high of $3.724, indicating strong bullish sentiment.
Analysis and Prediction:
Short-Term View:
The breakout from the $2.80–$3.00 consolidation zone suggests strong upward momentum. If the bullish strength continues, the next resistance is around $4.00–$4.20. Traders could expect profit-taking at this level.
Long-Term Outlook:
If $FXS sustains above $3.50 with strong volume, the next mid-term target could be $4.50–$5.00. Watch for signs of volume exhaustion or pullbacks to the $3.20 level for potential re-entry.
Trading Signals:
Long Signal: If FXS holds above $3.50, consider entering with a stop-loss below $3.20. Target $3.90 and $4.20.
Short Signal: A rejection near $3.80–$4.00 could open a short opportunity, targeting $3.20 with a stop-loss above $4.10.
Trading Tips:
Secure partial profits as it approaches $4.00.
Tighten stop-losses to lock in gains as volatility increases.