Who got $FXS ??? let's buy/sell it according to the buy/sell zones mentioned here.
FXS/USDT Short Trade Plan: Potential Reversal Ahead
*Trade Setup*
- *Short Entry Zone:* $1.550 - $1.570
- *Targets:*
- *Target 1:* $1.520
- *Target 2:* $1.500
- *Target 3:* $1.470
- *Stop Loss:* $1.580
*Key Levels*
- *Resistance:* $1.570 - $1.580 (potential rejection area)
- *Support 1:* $1.520 (initial profit-taking level)
- *Support 2:* $1.500 (critical psychological support)
- *Support 3:* $1.470 (major downside target)
*Market Insights*
- *Distribution at the Top:* Massive pump followed by consolidation signals potential distribution at the top.
- *Buyers' Exhaustion:* Signs of buyers' exhaustion could lead to a retracement.
- *Momentum Shift:* A break below $1.520 may confirm a shift in momentum toward deeper support zones.
Click here $FXS or click on the chart to buy/sell.
*Risk Management*
- *Position Sizing:* Manage position size to limit potential losses to 2-3% of the trading account.
- *Risk-Reward Ratio:* Aim for a risk-reward ratio of 1:2 or higher to ensure potential profits outweigh potential losses.
- *Stop-Loss:* Stick to your stop-loss and avoid over-leveraging.
*Trade Plan Scenarios*
- *Bearish Scenario:* FXS/USDT breaks below $1.470, targeting $1.440 and lower.
- *Bullish Scenario:* FXS/USDT breaks above $1.580, targeting $1.600 and higher.
*Advice/Tips*
- Monitor price action near $1.520; if weakness persists, expect a stronger drop.
- Trailing stop is advised to protect profits as price moves lower.
- Keep an eye on volume and technical indicators for signs of bearish momentum.
I would highly encourage you to start your trade(buy/sell FXS) from my post, simply hitting here. → $FXS
If you want a trade plan of your desired coin, write it in the comments below. I will post its trade strategy .
for more updates and advice,follow me