📌 Analysis + Trade $FIS #FIS
Bullish breakout for FIS/USDT after breaking the main resistance at 0.1380
!FIS/USDT – Analysis on the hourly timeframe (1h) ⏱️🐸
Current price: $0.1269
📌Technical analysis in brief:
The price is holding above support at $0.1260 after bouncing from the low at $0.1240, with a decrease in selling volume.
It is trading above the 25-period exponential moving average (EMA25) near $0.1250 and below the 50-period EMA (EMA50) near $0.1280, indicating initial bullish momentum that needs confirmation through breaking the resistance.
The Relative Strength Index (RSI) is at ~55, providing room for upward movement without being overbought.
Trade settings:
✅ FIS/USDT (Buy) LONG
🔰 Entry price on breakout: $0.1290
🎯 Targets:
$0.1320
$0.1350
$0.1385
$0.1420
🛑 Stop loss: $0.1240
📌 Trader's advice: Wait for a 1-hour candle close above $0.1290 with an increase in trading volume. After the first target, move the stop loss to the entry price ($0.1290) to secure capital.
✅ FIS/USDT (Sell) SHORT
🔰 Entry price on breakdown: $0.1260
🎯 Targets:
$0.1230
$0.1200
$0.1170
$0.1140
🛑 Stop loss: $0.1290
📌 Trader's advice: You can enter a sell position upon closing a 1-hour candle below $0.1260 with confirmation of high selling volume. Place a stop above the broken resistance ($0.1290) and gradually adjust the stop loss as each target is reached.
Trader's advice:
“Always remember to manage risk and do not trade with an amount you cannot afford to lose.”