should we short it?

$FXS /USDT: Catching the Wave – A High-Volatility Setup



The $FXS /USDT pair has shown impressive movement, trading at $3.231 with a 24-hour gain of 27.61%. On the 15-minute timeframe, the price is consolidating after reaching a 24-hour high of $3.724, while support is evident near $2.986. This presents an opportunity for both breakout and retracement traders. A potential long entry can be considered at $3.250, with targets set at $3.50 (TP1), $3.65 (TP2), and $3.80 (TP3) to capture the bullish momentum. To mitigate risk, a stop loss should be placed at $2.95. Traders are advised to monitor volume and RSI for confirmation, as FXS is in a high-volatility zone, making quick decision-making crucial for optimal profit-taking.

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