$FXS /USDT – Testing Key Resistance! Will It Break or Reject?
$FXS just surged to $3.25, marking an impressive +11.41% gain in the past 24 hours! The 15-minute chart shows a strong V-shaped recovery from the $3.00 support zone, now challenging the previous resistance near $3.31. If bulls manage to push above this level with volume, we could witness a bullish continuation toward new highs.
However, if $FXS faces rejection at this resistance, a minor pullback to retest the $3.10–$3.15 zone could occur before another breakout attempt. Traders should watch for either a clean breakout candle above $3.32 or a rejection wick signaling short-term downside pressure.
Trade Setup
Entry Zone: $3.22 – $3.26
TP1: $3.32
TP2: $3.44
TP3: $3.60
SL: $3.10