$FIS
Supporting Points for a Bullish Move:
1. Strong bounce from ~0.18068 earlier – showing that buyers stepped in aggressively at lower levels.
2. Price is holding above key support around 0.231–0.237 – this zone has acted as a base in recent sessions.
3. RSI isn’t oversold – sitting near neutral, giving room for upward momentum.
4. MACD histogram flattening – may hint at bearish momentum exhaustion.
5. Bollinger Bands tightening – and current price is above the lower band, a breakout to the upside is possible if volume returns.
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What to Watch for Confirmation:
• A clean breakout above 0.247–0.250 with volume would strongly support a bullish move.
• If it pushes above 0.267 resistance, it can attempt to retest 0.297 (previous swing high).
• Watch for MACD bullish crossover, and RSI > 55 – these would add confidence to an upward move.
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Final Note: If you’re bullish, this could be a good accumulation zone, but risk management is key. Keep an eye on volume – it’ll likely decide the breakout direction.