$FIS Breakout Brewing or Another Fakeout?
FIS is climbing back after reclaiming the $0.1166 support, following a clean bounce from the local bottom. Price is now testing the short-term resistance around $0.1194, with consolidation indicating a possible breakout attempt. Volume is gradually increasing, hinting at growing interest.
Key Levels to Watch
Resistance:
• $0.1205 – Immediate breakout level
• $0.1250 – Mid-range target and prior rejection point
Support:
• $0.1166 – Intraday bounce zone
• $0.1120 – Critical support if trend weakens
Potential Moves
• Upside Continuation: If bulls break and close above $0.1205, the next target lies near $0.1250.
• Downside Risk: Rejection at resistance and loss of $0.1166 could invite a retest of $0.1120.
With price coiling tight, the next move will likely set the short-term trend. Keep eyes on volume and breakout confirmation.