$FIRO /USDT Technical Analysis & Trade Strategyšš
Market Overview:
Current Price: 2.459
24h Change: 18.79%
24h High: 2.550
24h Low: 2.052
24h Volume:
FIRO: 7.00M
USDT: 15.79M
Average Volume Level (AVL): 2.455
SAR (Stop & Reverse): 2.183
Current Trend Analysis:
SAR at 2.183 shows bullish momentum as long as the price stays above this level.
Volume Surge: 15.79M USDT indicates strong market activity.
Depth: 23.319% buying pressure shows the dominance of buyers in the market.
Trade Strategy:
Entry Zone:
Buy between 2.42 and 2.46 to capture a pullback before a potential further upward move.
Confirmation: A move above 2.50 indicates stronger bullish control.
Stop-Loss:
Place a stop-loss at 2.18 to protect from downside risk below SAR.
Price Targets:
1. Target 1: 2.55 ā Testing the 24h high.
2. Target 2: 2.70 ā Key resistance level.
3. Target 3: 2.85 ā Extended target if momentum persists.
Why This Setup Works:
SAR at 2.183 supports the bullish trend.
Volume of 15.79M USDT suggests strong buying interest.
Depth with 23.319% buying pressure indicates a continuation of the uptrend.
Trade Tips:
Ride the Trend: Stay with the trend, but donāt chase if price moves too quickly.
Patience is Key: Wait for a clean break above 2.50 before jumping in.
Protect Your Capital: Respect the stop-loss at 2.18 to avoid larger losses.
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