$FIRO Analysis: Momentum Brewing After Consolidation – A Breakout Looks Imminent
$FIRO is trading at $2.014 on the 15-minute chart, signaling a potential reversal after a long period of sideways consolidation. The recent upward push indicates buyers are stepping in, and the price could be gearing up for a breakout.
Trade Setup:
Long Entry: Above $2.050, targeting $2.150 and $2.250.
Short Entry: Below $1.980, looking for $1.900 and $1.850.
Stop Loss: Place a stop loss at $1.970 to manage risk effectively.
Market Insight:
Volume is starting to rise, suggesting renewed buying interest. A breakout above $2.050 could unlock further upside, signaling a shift in momentum for $FIRO.
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