$FIRO /USDT Trade Setup: Bounce Play
1. Entry Zone: $2.03 - $2.05
2. Stop Loss (SL): $1.98 (below recent swing low)
3. Take Profit 1 (TP1): $2.10
4. Take Profit 2 (TP2): $2.18
Analysis:
Price forms a potential reversal pattern near $2.03, indicating buyer interest.
Momentum is showing signs of recovery after a sharp retracement.
Strong resistance is seen at $2.10, followed by a potential breakout towards $2.18.
Risk Management:
Use a tight SL to protect against further downside.
Shift SL to entry if TP1 is hit for a risk-free trade.
Outlook:
FIRO/USDT is gearing up for a recovery bounce, with immediate resistance at $2.10. Breaking this level could trigger a short-term bullish rally. Stay alert for volatility.