$FXS /USDT BEARISH BREAKDOWN AHEAD: SELL PRESSURE BUILDING BELOW KEY SUPPORT!
Immediate Explanation:
The $FXS/USDT pair has shown consistent downside pressure after failing to hold above the $2.30 resistance zone. Price action is currently trading near $2.23, with a fresh lower low at $2.193 in the last 24 hours, confirming short-term bearish momentum. The failure to reclaim $2.25โ$2.30 and continued lower highs signal sellers are in control. If $2.19 breaks convincingly, we may see acceleration towards the next demand zone.
๐ป Trade Setup: (Short Entry)
Entry: $2.23โ$2.25
Take Profit (TP): $2.10 / $2.00
Stop Loss (SL): $2.31
๐ Market Outlook:
With momentum indicators tilting bearish and volume showing stronger selling activity, the short-term trend for FXS/USDT leans downward. Unless bulls reclaim the $2.30โ$2.34 zone with strong volume, expect more downside in the coming sessions.
#FXS #CryptoAnalysis #BearishTrend #Altcoins #TradingSetup
buy and trade here on $FXS