📊 $FXS /USDT – Bullish breakout momentum and upward consolidation above the critical zone!
The price is currently trading at $2.819, up +10.68%, after a strong breakout from the previous consolidation range. The price now shows signs of positive consolidation above the breakout area, with the bullish volume remaining active – indicating the possibility of the upward wave continuing if the momentum persists.
✅ Price stability near the daily high and consolidation with high volume = ideal scenario to continue the rise.
📌 Support and Resistance:
Support: $2.730
Resistance: $2.877 (very important breakout area)
🎯 Trade Setup:
Entry Area: $2.780 – $2.819
Stop Loss: Below $2.700
🎯 Trading Targets:
Target 1️⃣: $2.950
Target 2️⃣: $3.080
Target 3️⃣ (final): $3.240 (with continued momentum and breakthrough of resistance)
⚠️ Alert:
The trade is suitable for futures considering the position size, or for safe spot trading with precise risk management.
Wait for a bullish confirmation candle or a clear increase in volume before entering.
The next move is conditional on the price holding above $2.780 and not losing momentum.
🛡️ Risk Management:
Do not risk more than 1% – 2% of your capital.
Upon reaching the first target, move the stop loss to the entry point.
Do not enter after a quick jump without a retest.