$FXS Trading Opportunity Alert!
#FXS is breaking out! Trading at ~$2.60, it’s up 10.13% in 24 hours with a 65.55% volume surge to $64.23M, confirming a falling wedge breakout on the daily chart. X posts project a massive rally to $4.10-$6.64, offering 120%-220% upside potential.
Entry: Buy around $2.50-$2.60 for an optimal risk-reward setup.
Stop Loss: Set at $2.20 to guard against volatility.
Targets: Aim for $3.50, $4.10, then $6.64 for short-term gains.
Why $FXS ?
Frax Share, the governance token of Frax Finance, is riding DeFi momentum with its partially collateralized stablecoin. Recent Fraxtal gas token integration and a burn engine add deflationary pressure, boosting sentiment. RSI at 62 shows room for growth, but overbought risks loom.
Risk:
High volatility could see a pullback to $2.00 support if momentum fades. Watch $2.40 closely and size positions cautiously due to speculative hype.
Trade smart, do your research, and catch the $FXS wave!
