🚨$FXS ALERT 🚀
$FXS has jumped from $2.50 to $2.98, currently trading at $2.95. After a sharp recovery, the price is experiencing a normal minor pullback. The trend reversal potential is strong, with $3.00 being a key psychological level to watch.
*Key Price Levels:*
- *Current Price:* $2.95
- *Resistance:* $3.00
- *Support:* $2.85
*Trading Opportunity:*
- *Long Trade Setup:* Buy between $2.92 and $2.96
- *Targets:*
1. *Target 1:* $3.00
2. *Target 2:* $3.08
3. *Target 3:* $3.20
- *Stop Loss:* $2.88
*Market Analysis:*
The V-shape recovery and high momentum candle suggest strong buying interest. A breakout above $3.00 could confirm a continued bullish wave, with potential for further price increases.
*What to Watch:*
- *Breakout Confirmation:* A sustained move above $3.00 could lead to further gains.
- *Volume:* Watch for sustained volume to confirm the upside continuation.
By understanding these key levels and market insights, traders can make informed decisions about buying or selling $FXS .
