$FIS / USDT – Short Trade Alert!
Current Price: $0.2147 (+57.64%)
Bearish Reversal Signals Emerging:
After a sharp rally to $0.2745, $FIS is losing steam. Long upper wicks and repeated rejections at higher levels indicate potential exhaustion. The bullish momentum is fading, suggesting a possible short setup.
Key Levels to Watch:
Resistance: $0.2300 / $0.2500
Support: $0.2000 / $0.1850
24H Price Range: $0.1340 – $0.2745
Short Position Strategy:
Entry Zone: $0.2150 – $0.2250
Take Profit Targets:
TP1: $0.2000
TP2: $0.1850
Stop Loss: Above $0.2300
Market Outlook:
Price action is struggling to maintain higher lows while forming consistent lower highs. A break below $0.2100 on increased volume could trigger further downside.
Pro Tip:
Watch for bearish engulfing patterns or fading volume during price bounces as confirmation. Use a tight stop loss to manage risk following this high-volatility spike.
Capitalize on the pullback—secure gains as the price drops!
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