$FXS 🚀 🚀 BREAK OUT 🚀 🚀

FXS/USDT Trade Setup

Current Price: $4.379

24h Volume: $11.09 million (Relatively healthy liquidity)

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Technical Analysis Overview:

1. Trend Analysis:

Short-term trend: Consolidation or possible reversal (assumed from low 4-h volatility and volume stability).

Medium-term trend: Likely downtrend if price has recently declined to $4.3 from previous highs.

2. Key Support and Resistance:

Support Levels:

$4.20 – Recent local low / psychological support

$3.80 – Major support zone from previous price structure

Resistance Levels:

$4.60 – Minor resistance / recent rejection area

$5.00 – Strong psychological and horizontal resistance

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Indicators (Suggested for Confirmation):

RSI (Relative Strength Index):

If below 30, potential bullish reversal (oversold)

If above 70, consider short setups (overbought)

MACD:

Bullish crossover near current price can support a long setup

Bearish crossover with volume increase can validate a short

Volume Profile:

Look for spikes to confirm strong zones of interest (e.g., accumulation/distribution zones)

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Trade Setups:

1. Long Setup (Bounce Play):

Entry: $4.30–$4.35 (on confirmed support hold and RSI near oversold)

SL (Stop Loss): $4.10 (below key support zone)

TP1: $4.60

TP2: $5.00

Risk/Reward: ~1:2.5+

Trigger: Bullish candle + RSI divergence or MACD crossover on 4H chart