$FIS
USDT BEARISH SETUP – A FALLING KNIFE OR A SHORT OPPORTUNITY?
$FISUSDT is showing clear weakness as price continues its sharp decline, down nearly 23% today. The structure remains bearish with no significant reversal signals yet.
🔑 Key Levels:
Current Price: $0.1075
Immediate Support: $0.1064 (24h Low) – a break below this could trigger further downside.
Resistance Levels: $0.1200 (minor), $0.1300 (strong resistance zone).
📉 Trade Setup:
Position: Short
Entry Zone: $0.1080 – $0.1100 (if minor pullback occurs)
Take Profit Targets: TP1: $0.1030, TP2: $0.0980
Stop Loss: $0.1135 (above recent minor consolidation area).
🌐 Market Outlook: Momentum is heavily bearish with continuous lower highs and lower lows on the hourly chart. Any relief bounce will likely face selling pressure at resistance zones.
⚠️ Risk Management: Only risk 1-2% of your capital per trade. Avoid overleveraging, as sharp reversals on such oversold drops can be volatile.
buy and trade here on $FIS
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