$FXS /USDT – Bulls Dominate as Price Breaks Higher
FXS has delivered another strong breakout, clearing previous resistance and hitting our earlier targets. Bullish momentum remains intact, supported by rising volume and trend continuation.
Long Trade Setup:
Entry Zone: $2.93 – $2.98
Stop Loss: Below $2.85 (near recent support)
Target 1: $3.00 (minor resistance)
Target 2: $3.10 (key breakout level)
Target 3: $3.20 (trend extension zone)
Risk Management:
Stick to tight risk control by adjusting position size and keeping stop-loss in place. Consider partial exits on the way up to lock profits while riding the larger move. Momentum favors the upside as long as bulls hold above $2.85.