$FXS /USDT Price Action Update: Breakout in Motion!š„šÆ
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.