$FIRO /USDT Short Trade Signal 🚨🔥
Current Price: $1.537
Trade Setup
Entry Zone: Enter short positions between $1.530 and $1.550
Target Levels:
Target 1: $1.480
Target 2: $1.420
Stop Loss: Place your stop loss at $1.570
Risk/Reward Ratio: Approximately 3:1
Trade Plan
$FIRO is showing bearish momentum, with consistent rejections near the resistance zone around $1.550. This setup presents a potential shorting opportunity. Enter between $1.530 and $1.550, targeting initial support at $1.480, and extend to the secondary target of $1.420 for additional gains. Manage risk with a tight stop loss above resistance at $1.570.
Market Insight
The current price action reflects signs of weakening momentum, with multiple failed attempts to break above $1.550. If the price falls below $1.500, it would confirm further downside potential, increasing the likelihood of reaching the targeted levels. Monitor trading volume closely, as a surge in selling pressure below $1.500 could accelerate the move toward the next support zones.
Pro Tips
Watch for a decisive breakdown below $1.500, as this could trigger an extended sell-off.
Adjust your stop loss to breakeven once the price approaches $1.480, reducing your risk and protecting profits.
Conclusion:
$$FIRO s displaying clear bearish signals, making this an opportunity for traders to capitalize on its downward trend. With the right execution and risk management, this trade offers a favorable setup. Stay disciplined and monitor the market closely for further confirmations.
