$FXS Here is a detailed analysis for with important trading levels and recommendations.

Recent Update.

A significant short liquidation of $1,416.2 occurred at a price of $3.42569, indicating a strong buyer interest at this level. Short liquidations often signal bullish sentiment, as shorts are forced to close positions when prices rise.

Key Levels for $FXS.

1. Buy Zone.

$3.20 - $3.40

Look to accumulate $FXS near this zone. If the price dips closer to $3.20, it presents a high-probability entry for a bounce.

2. Targets.

Target 1: $3.60 (near-term resistance)

Target 2: $3.85 (moderate upside, significant resistance zone)

Target 3: $4.10 (potential breakout level if the momentum continues)

3. Stop Loss.

Place your stop loss slightly below $3.15 to minimize risk. If breaks this level, further downside is likely.

Price Movement Insights.

Bullish Scenario.

If $FXS sustains above $3.40, expect it to test the $3.60 resistance soon. Breaking this level with strong volume can push prices toward $3.85 or even $4.10.

Bearish Scenario.

A breakdown below $3.15 could trigger further downside, possibly revisiting $3.00 or lower.

Suggestions for Traders.

For Long Position.

Start accumulating in the buy zone.

Use Target 1 and Target 2 for partial exits to lock profits.

For Short Position.

Consider shorting near $3.85 with a stop loss above $4.10 if momentum weakens.

Note.

Market conditions can change quickly. Use proper risk management, and always monitor price action before entering trades.

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