$FXS /USDT technical analysis and trade signals for with three target levels and trade momentum:
Technical Analysis:
Current Price: $4.69 (up 19.97%)
Trend: Bullish momentum is showing a strong upward movement after a recent dip, with the price currently above its 24-hour low of $3.804, and it seems to be consolidating just below the 24-hour high of $4.969.
Support Levels:
Primary Support: $4.00
Secondary Support: $3.80
Resistance Levels:
First Resistance: $4.969 (24h High)
Second Resistance: $5.20
Third Resistance: $5.50 (potential next breakout level)
Momentum Indicators:
RSI: 65 (approaching overbought territory but still bullish)
MACD: Positive crossover, indicating upward momentum
Volume: Strong volume support over the past 24 hours, indicating buying interest
Trade Signals:
Entry Point:
Consider entering $4.60 – $4.70 range to capture potential upward movement as the price is showing bullish momentum.
Target Levels (Take Profit):
Target 1: $5.00 (near the 24-hour high and psychological resistance)
Target 2: $5.20 (next significant resistance level)
Target 3: $5.50 (for extended upside potential)
Stop-Loss:
A stop-loss below $4.00 to protect against potential downside break.
Trade Momentum:
Short-Term Momentum: Bullish, with continued upward pressure, as the price is maintaining above $4.60 and showing strong volume. However, there’s a risk of short-term pullbacks if it reaches the resistance levels.
Medium-Term Momentum: Remains bullish as long as the price stays above $4.00. However, a break below $4.00 could signal a bearish reversal or consolidation.