$FXS /USDT Price Action Update: Breakout in Motion!šŸ”„šŸ’Æ

The $FXS /USDT pair has shown an explosive 29.20% surge, breaching the $3.20 resistance zone. The current price action reflects strong bullish momentum, reaching a high of $3.72 before a slight pullback to $3.21.

Key Levels for Long and Short Trades:

ā€¢ Long Entry: $3.15ā€“$3.20 (Buy near support during consolidation, targeting $3.60 and $3.80).

ā€¢ Short Entry: $3.70ā€“$3.75 (Sell near resistance with a stop above $3.80, targeting $3.40).

Next Move Analysis:

ā€¢ Bullish Case: If the price holds above $3.20, we might see a retest of $3.72, followed by a breakout toward $4.00.

ā€¢ Bearish Case: A drop below $3.20 could trigger a retest of the $3.00ā€“$2.90 demand zone, offering short-term scalping opportunities.

Pro Tip:

Lock partial profits near resistance zones and adjust stop-loss levels to secure gains. Watch for volume confirmation to assess trend continuation or reversal.

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