$FXS /USDT – Bullish Reversal in Progress! 🚀
$FXS is bouncing back strongly from the recent dip, printing a bullish engulfing candle on the 1H chart. The price action suggests a reversal pattern forming near the 2.80 demand zone, and buyers are stepping in with volume. If momentum continues, a retest of key resistance could lead to a solid breakout move.
Support and Resistance
• Resistance: 2.918
• Support: 2.763
Trade Setup
• Entry Zone: 2.85 – 2.90
• Stop Loss: 2.75
🎯 TP1: 2.97
🎯 TP2: 3.05
🎯 TP3: 3.22
Pro Tip: Look for strong candle closings above 2.92 for breakout confirmation. Use trailing SL to maximize profits on momentum moves!
#ProjectCrypto #TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport #FOMCMeeting