📌 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.” #Pro_Trader_Crypt #Write2Earn
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