Trading Signals for
$FIO Protocol (FIO)
Entry Range: $0.04350 - $0.04450
SL: $0.04250
TP: $0.04600
FIO Protocol (FIO) is currently showing bullish momentum, up 8.93% in the last 24 hours. The price is testing recent highs around $0.04608, indicating a potential short-term breakout or continuation. There’s a consolidation pattern forming within the range of $0.040 - $0.046. A break above $0.04500 could signal a continuation of the bullish trend, making it a good entry for a long position. Watch the $0.04250 level closely as any price drop below it could invalidate the uptrend, suggesting a potential short opportunity with tight stop loss levels.
Trading Strategy:
Long Position: Enter at $0.04350 - $0.04450 (if price holds above consolidation range) with a tight stop at $0.04250 to limit losses.
Target: Exit around $0.04600 for a 5% gain.
Short Position: If the price fails to break above $0.04500 and drops back towards $0.04200, consider shorting with a stop-loss above $0.04600, targeting a retracement to $0.04000 for quick profits.
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$FIO 🚨Note: Trade at your own risk. DYOR.
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