๐จ $FXS /USDT โ Oversold Breakdown or Reversal Brewing? ๐๐
$FXS just dipped -12.62% to $3.06, testing key support as sellers dominate. Is a recovery nearโor is more downside on the way? Letโs dissect the setup.
๐ Market Overview
๐ Current Price: $3.06
๐ 24h High: $3.624
โ๏ธ 24h Low: $3.010
๐ RSI(6): 15.46 (Extremely oversold โ watch for bounce!)
๐ Moving Averages:
MA(7): $3.168
MA(25): $3.411
MA(99): $3.709
๐ Volume: 2.74M FXS / 9.12M USDT
๐ FXS Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If FXS Holds Above $3.00):
Entry: Above $3.10
Targets: $3.25, $3.57, $3.88
Stop-Loss: $2.94
๐น Bearish Scenario (If FXS Breaks Below $3.00):
Entry: Below $3.00
Targets: $2.93, $2.75, $2.60
Stop-Loss: $3.25
๐ Should You Hold or Sell?
โ RSI at 15 = Heavily oversold, bounce likely short term
โ Price near psychological support at $3.00
โ ๏ธ Bear trend intact with price below all major MAs
๐ก Pro Tip:
๐ Donโt catch the knifeโwait for reclaim above $3.25 to confirm recovery
๐ Watch for volume spikes to validate any reversal attempt
๐ข Your move: Accumulate, sell, or wait it out?
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