$FXS
USDT ā Bullish Recovery Testing Resistance š„
Current Price: $3.194 (+9.38%)
24h Range: $2.919 ā $3.341
Volume: $5.62M USDT (solid participation)
MA60: $3.183 (price trading slightly above ā bullish tilt)
Market Insight:
FXS has bounced strongly from $2.919 and is consolidating near $3.19 after briefly hitting $3.34. Price is above the MA60 with short-term averages pointing upward, suggesting that bullish momentum is intact. However, the $3.34 resistance from earlier remains the key breakout level to watch.
Key Levels:
Support: $3.18 / $3.14
Resistance: $3.34 ā $3.40
Indicators:
MACD: Positive and rising, momentum favoring bulls
RSI: Around 67 ā close to overbought but still has room
Volume: Healthy, matching the rally strength
Bullish Setup:
Entry Zone: $3.17 ā $3.20 (on dips)
TP1: $3.34 (recent high retest)
TP2: $3.40 (extension target)
Stop Loss: Below $3.14
Bearish Risk:
Rejection at $3.34 with a drop below $3.18 could trigger a pullback toward $3.10.
