$FXS has seen a price decline of -2.988% over the past 24 hours.
Currently, it trades between the Bollinger Bands, indicating a potential area of indecision.
The upper band at 1.968 suggests resistance, while the lower band at 1.936 presents support.
Given the price is near the lower band, it could signal a reversal or a continuation of downward momentum.
Volatility appears to be contracting, which may indicate a buildup for a breakout or breakdown.
Consider placing a stop-loss below the 24h low at 1.924.
Recommended action: wait for confirmation before entering; set alerts near key levels.
