Trading Signals for
$FXS Frax Share
Action: Long and Short Opportunities
Entry Range:
Long Position: $4.05 - $4.15
Short Position: $4.30 - $4.35
SL (Stop Loss): 0.5% - 1.5% from the entry price.
TP (Take Profit):
Long Position: $4.25 - $4.50
Short Position: $3.85 - $4.00
FXS has experienced a notable 30.12% surge in the past 24 hours, accompanied by a significant spike in trading volume (+64.94%). This momentum indicates strong market interest but also hints at potential overextension. The current price range near $4.15 shows signs of consolidation after hitting a 24-hour high of $4.35.
For long positions, focus on the $4.05 - $4.15 range, as this zone might act as a support level during minor pullbacks. Expect profit-taking resistance around $4.25 and $4.50.
For short positions, $4.30 - $4.35 serves as an overbought zone, ideal for scalping as sellers might enter near resistance levels.
Keep tight stop-losses (0.5% - 1.5%) due to high volatility. This strategy leverages FXS's current momentum while mitigating downside risk with disciplined risk management.
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$FXS 🚨Note: Trade at your own risk; this signal is not guaranteed. DYOR (Do Your Own Research).
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