🚨 $FXS /USDT – Oversold Breakdown or Reversal Brewing? 🔍📉
$FXS just dipped -12.62% to $3.06, testing key support as sellers dominate. Is a recovery near—or is more downside on the way? Let’s dissect the setup.
📊 Market Overview
📍 Current Price: $3.06
📈 24h High: $3.624
❄️ 24h Low: $3.010
📉 RSI(6): 15.46 (Extremely oversold – watch for bounce!)
📊 Moving Averages:
MA(7): $3.168
MA(25): $3.411
MA(99): $3.709
📈 Volume: 2.74M FXS / 9.12M USDT
📈 FXS Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If FXS Holds Above $3.00):
Entry: Above $3.10
Targets: $3.25, $3.57, $3.88
Stop-Loss: $2.94
🔹 Bearish Scenario (If FXS Breaks Below $3.00):
Entry: Below $3.00
Targets: $2.93, $2.75, $2.60
Stop-Loss: $3.25
🔍 Should You Hold or Sell?
✅ RSI at 15 = Heavily oversold, bounce likely short term
✅ Price near psychological support at $3.00
⚠️ Bear trend intact with price below all major MAs
💡 Pro Tip:
📉 Don’t catch the knife—wait for reclaim above $3.25 to confirm recovery
📊 Watch for volume spikes to validate any reversal attempt
📢 Your move: Accumulate, sell, or wait it out?
🔥 LIKE & SHARE for more actionable crypto trade setups! 🚀📈
