$FIRO /USDT Technical Analysis & Trade Signal
Current Price: $2.07 (+10.13% in the last 24 hours)
Technical Indicators:
RSI (Relative Strength Index): RSI indicates strong bullish momentum, likely nearing overbought territory but still in upward movement.
EMA (Exponential Moving Averages): Short-term (50 EMA) and long-term (200 EMA) are showing an upward trend, indicating a bullish sentiment.
MACD (Moving Average Convergence Divergence): Bullish crossover suggests continuation of upward momentum.
Support Levels: $1.88 (24h low), $2.00 (psychological level)
Resistance Levels: $2.84 (24h high), $3.00 (key resistance)
Trade Signal:
Buy: Enter at $2.07 if price stays above $2.00 (support area).
Stop Loss: $1.90 (below recent support)
Target Levels 🎯:
1. Target 1: $2.40 - Short-term resistance
2. Target 2: $2.60 - Psychological level, based on past price action
3. Target 3: $2.80 - Near the 24-hour high
Trade Momentum:
The market is experiencing bullish momentum after the price surge of +10.13% in 24 hours. The momentum could continue if the price holds above $2.00, with potential to test resistance levels at $2.40, $2.60, and ultimately $2.80.
Always ensure to monitor key levels, and adjust your strategy as the market fluctuates.
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