$FXS #FXS FXS/USDT Technical Analysis
Trade Levels
Entry Zone: $3.30-$3.35
Ideal entry on pullback to breakout area
Stop Loss: $3.25
Place below recent swing low
Take Profit Targets:
TP1: $3.45 (short-term)
TP2: $3.65 (medium-term)
TP3: $3.95 (swing target)
Current Price: $3.364 (+11.06%)
24H Range: $3.011 - $3.408
Volume: 1.20M FXS ($3.87M USDT)
Pattern Observations
1. Bullish structure intact
- Price above all key EMAs (7/25/99)
- Consistent higher highs on 4H chart
- Recent breakout above $3.30 resistance
2. Indicator Signals
- KDJ shows strong momentum (J-line at 98.5)
- STOCH RSI at 97.07 (overbought caution)
- OBV rising confirms buyer participation
Risk Considerations
- Overbought conditions may limit upside
- Monitor BTC for market direction
- Low liquidity requires careful execution
Key Levels to Watch
Support: $3.30, $3.25
Resistance: $3.45, $3.65