Technical Analysis and Trade Signal for $FXS
/USDT💯🔥
Current Price: $4.012 (+7.33%)
Momentum: Bullish (upward movement, with strong price action above $4 support level).
Key Indicators:
1. Resistance Levels:
First Resistance: $4.36 (recent high).
Next Resistance: $4.75 (significant psychological level).
2. Support Levels:
Immediate Support: $3.90
Strong Support: $3.67 (24h low).
3. Momentum Analysis: RSI indicates a positive momentum (near 65-70 level). Trading volume is high, suggesting active buyer interest.
Trade Signal:
Trend: Bullish
Entry Point: Around $4.01-$4.02
Stop Loss: $3.85
Targets 🎯:
1. Target 1: $4.20 (minor resistance).
2. Target 2: $4.50 (breakout level for further upside).
3. Target 3: $4.75 (psychological and technical resistance).
Monitor momentum and breakout confirmation. Exit positions if support levels are broken.