$FIRO
FIRO/USDT Technical Analysis – Targets for December 2024
📊 Current Price: $2.357 (+38.24%)
💹 24h High/Low: $4.080 / $1.667
📈 24h Volume: 35.45M FIRO ($99.71M USDT)
➡️Technical Overview
FIRO/USDT is showing bullish momentum with a strong surge of 38.24% in the last 24 hours. Here are the key technical indicators:
1. SAR (Stop and Reverse): Current SAR value at $2.806 indicates upward momentum, with $2.806 serving as a potential short-term support level.
2. EMA (Exponential Moving Average): Price is above the short-term EMA, signaling bullish sentiment.
3. MACD: Positive divergence in MACD suggests strong buying pressure, with potential for continuation.
4. Volume: High trading volume (35.45M FIRO) confirms market interest and liquidity.
🎯 3 Target Levels
1. Target 1 – $3.31:
This represents the next resistance level observed from historical data. A breakout above this level could confirm sustained bullish momentum.
2. Target 2 – $4.08 (24h High):
If FIRO sustains its current uptrend, this level could act as a mid-term target. Traders should monitor for profit-taking around this zone.
3. Target 3 – $4.20:
A breakout above the 24h high could lead to a new rally towards $4.20, which aligns with previous key resistance levels from larger timeframes (e.g., 1D).
📉Trading Strategy
Support Levels: $2.35 (current price), $1.65 (recent low).
Resistance Levels: $3.31, $4.08, $4.20.
Risk Management: Use trailing stop-losses around the SAR value ($2.80) to lock in profits in case of a reversal.
🔔 Monitor FIRO/USDT closely on Binance for potential opportunities as the bullish trend unfolds!
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.
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