$FXS /USDT is showing strong signs of a bullish reversal, up 6.58% on $7.06M volume as it breaks through the key $2.38 resistance.
The daily RSI is trending upward at 63, indicating healthy bullish momentum without overextension.
This breakout is supported by a rising OBV, suggesting genuine accumulation.
Aggressive entries lie in the $2.38–$2.42 range on breakout confirmation, while conservative traders may prefer a pullback toward the EMA20 near $2.25–$2.30.
Profit targets are $2.60 (immediate liquidity zone), $2.80 (next resistance), and $3.00 (psychological round number and measured move).
A stop loss below $2.18 protects against downside volatility, with risk capped at 1% of capital.
A 1H close above $2.45 would provide strong confirmation for continuation. As with all mid-cap plays, use limit orders and avoid overexposure.
Trade here 👉🏻 $FXS
