$FXS /USDT Bearish Outlook
$FXS is trading at $2.80 (+4.83%), but facing rejection near the $2.87 resistance zone after hitting the daily high at $2.866. Momentum shows weakness with repeated rejections.
Key Levels:
Resistance: $2.87 – $2.90
Support: $2.75 – $2.72 – $2.61
Bearish Plan:
Entry: $2.80 – $2.82
TP1: $2.75
TP2: $2.72
TP3: $2.61
Stop-loss: Above $2.87
FXS looks vulnerable unless bulls reclaim and hold above $2.87.