$FXS

Recent Long Liquidation.

A long position of $2,169 was liquidated at a price of $3.95797, which indicates that the market is bearish and price movements are testing lower support levels.

Next Steps.

To trade $FXS effectively, let’s determine potential Buy Zones, Target Levels, and Stop-Loss Points based on current market trends.

Buy Zone.

Primary Buy Zone. $3.85 - $3.95

This area is a key support range and ideal for entry if the price stabilizes.

Secondary Buy Zone. $3.70 - $3.80

If the price breaks below the primary zone, the secondary zone could provide a strong support.

Target Levels.

Short Term Target. $4.10

The first resistance point, suitable for quick profits.

Mid Term Target. $4.30

A strong resistance level that aligns with Fibonacci retracement zones.

Long Term Target. $4.50

If the market turns bullish, this level could be tested.

Stop Loss Levels.

Set a stop loss below the support zone to manage risk

For the primary buy zone, use a stop loss at $3.75.

For the secondary buy zone, use a stop loss at $3.65.

Market Sentiment.

Bearish Indicators. Recent liquidations suggest selling pressure, so expect high volatility.

Bullish Reversal Potential. If buying interest increases in the $3.85 - $3.95 zone, the market may recover towards $4.10+ levels.

Trading Tips.

1. Risk Management. Always use stop loss to minimize losses in case the price breaks lower support levels.

2. Watch Volume. Increased trading volume near buy zones indicates strong interest, confirming potential reversals.

3. Stay Updated. Monitor for news or updates on Frax Share as they can influence price action.

Would you like detailed chart insights or additional explanations.

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