Continuation of the post about #FIRE
🔍 What is important to monitor
Trading volumes: if they decrease — a signal for a potential correction; if they remain high — continuation of the trend.
Price near the maximum ($0.0647) – the reaction here will show whether a new rally will occur or a pullback.
News background: recent news (for example, the launch of a tokenized Bitcoin-mining project in Canada with an APY of 15–25%) can provide a strong boost.
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✅ Recommendations
Stop‑loss: it is recommended to set near $0.045–0.046 to protect the position from a crash.
Take‑profit: part of the position can be locked in upon reaching $0.06–0.065.
Active monitoring: it is important to control the volume and this key zone — I can set notifications for these levels or monitor news about the development of the mining project.
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🧠 Conclusion
Today, FIRE demonstrates high volatility with the possibility of both a sharp rise and a sudden correction. Trading activity and news are key factors. The strategy with a stop-loss at ~$0.045 and profit taking around $0.06 looks balanced.
