I'm watching $FIS /USDT — currently at $0.2147 (+57.64%).
Bearish Reversal Signals:
After a sharp rally to $0.2745, $FIS is losing momentum. Long upper wicks and rejections at higher levels suggest potential exhaustion, signaling a short setup.
Key Levels:
• Resistance: $0.2300 / $0.2500
• Support: $0.2000 / $0.1850
Short Position Strategy:
• Entry Zone: $0.2150 – $0.2250
• TP1: $0.2000
• TP2: $0.1850
• Stop Loss: Above $0.2300
Market Outlook:
Struggling to maintain higher lows and forming lower highs. A break below $0.2100 on increased volume could trigger further downside.
Pro Tip:
Watch for bearish engulfing patterns or fading volume on price bounces. Use a tight stop loss due to the high volatility. I’m ready to capitalize on the pullback.
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