đš
$FXS /USDT â Oversold Breakdown or Reversal Brewing? đđ
$FXS just dipped -12.62% to $3.06, testing key support as sellers dominate. Is a recovery nearâor is more downside on the way? Letâs dissect the setup.
đ Market Overview
đ Current Price: $3.06
đ 24h High: $3.624
âïž 24h Low: $3.010
đ RSI(6): 15.46 (Extremely oversold â watch for bounce!)
đ Moving Averages:
MA(7): $3.168
MA(25): $3.411
MA(99): $3.709
đ Volume: 2.74M FXS / 9.12M USDT
đ FXS Trade Setup â Key Levels to Watch
đč Bullish Scenario (If FXS Holds Above $3.00):
Entry: Above $3.10
Targets: $3.25, $3.57, $3.88
Stop-Loss: $2.94
đč Bearish Scenario (If FXS Breaks Below $3.00):
Entry: Below $3.00
Targets: $2.93, $2.75, $2.60
Stop-Loss: $3.25
đ Should You Hold or Sell?
â
RSI at 15 = Heavily oversold, bounce likely short term
â
Price near psychological support at $3.00
â ïž Bear trend intact with price below all major MAs
đĄ Pro Tip:
đ Donât catch the knifeâwait for reclaim above $3.25 to confirm recovery
đ Watch for volume spikes to validate any reversal attempt
đą Your move: Accumulate, sell, or wait it out?
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$FXS #FXS #FraxShare #CryptoSignals #Binance #Write2Earn