Trading Signals for Frax Share
$FXS :
Action: Buy
Entry Price Range: $3.65 - $3.75
Take Profit Levels:
1️⃣ TP1: $4.10
2️⃣ TP2: $4.50
3️⃣ TP3: $5.00
Stop Loss (SL): $3.30
Dollar-Cost Average (DCA): $3.40
🍼 Spot Trader: Click Here 👉
$FXS 🥂 Futures Trader: Click Here 👆 (Don't overleverage futures trades unless you're a pro (max 2x-5x). Greed is a losing strategy.)
🚨 Note: Trade at your own risk; this signal is not guaranteed. DYOR.
Extra Tips: If the price is not in your favor, hold on for a few days, and you may return with a profit.
Frax Share (FXS) has experienced a sharp decline over the last 24 hours (-7.36%), bringing its price to a critical support level around $3.65. This zone has historically acted as a consolidation point, and the price is likely to attract buyers at this range due to strong trading volumes and oversold conditions. The token is down 26.28% over the last 7 days, which could indicate a potential rebound as market momentum normalizes.
On a broader scale, FXS has shown significant recovery in the past 30 to 90 days, with gains of over 70-90%. Given this backdrop, we anticipate a short-term recovery if the $3.65 support holds. Traders should monitor the market's response near this level while keeping an eye on global market sentiment and Bitcoin’s movement.
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