$FXS
USDT – SHORT SIGNAL AFTER STRONG RALLY?
OVEREXTENDED RALLY
REJECTION AT KEY RESISTANCE
$FXS has surged from $2.99 to $3.97 — a sharp 32% rally — but is now showing signs of exhaustion. The latest hourly candle shows a strong upper wick and rejection from $3.97, indicating selling pressure at local highs.
Short Setup:
Entry: $3.84
Target 1: $3.59
Target 2: $3.37
Stop Loss: $3.98
A break below $3.80 could trigger a deeper pullback toward the breakout zone. This setup favors a short-term correction after a parabolic move.
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