$FXS Breakout Surge Ahead.....
$FXS is currently trading at 2.819, having surged by +10.68%, and is showing clear signs of accumulation just above the breakout zone. The price is consolidating near recent highs with bullish volume still present, setting the stage for a potential continuation of the breakout.
Support and Resistance
* Resistance: 2.877
* Support: 2.730
Trade Setup
* Entry Zone: 2.780 – 2.819
* Stop Loss: 2.700
* TP1: 2.950
* TP2: 3.080
* TP3: 3.250
Market Insight
$FXS broke out of its consolidation range with strong volume, and now the price is stabilizing just below the 24H high. If the momentum holds, another leg up could follow as traders re-enter on the pullback. Watch for volume increases and bullish candles to confirm the move.