$FIRO /USDT: Strong Bullish Rally – Can It Sustain Above $2.50? #FIRO is trading at $2.445, up by +22.93% after an impressive surge from its 24-hour low of $1.976 to a high of $2.563. The RSI is at 84.59, signaling overbought conditions, which may lead to consolidation or a pullback.
Key Levels to Watch:
Resistance: $2.50 – A breakout above this level could push FIRO toward $2.60 and $2.75.
Support: $2.40 – Holding this level is crucial to maintain bullish momentum. Below this, FIRO may test $2.30.
Trade Setup:
Long Entry: Above $2.50, targeting $2.60 and $2.75.
Short Entry: Below $2.40, targeting $2.30 and $2.20.
Stop-Loss: $2.35 for longs or $2.50 for shorts.
Market Insight:
FIRO is showing strong bullish momentum, supported by increasing volume. However, with the RSI in the overbought zone, traders should watch for potential profit-taking at higher levels. A confirmed breakout above $2.50 could extend the rally, while failure to hold support may signal a retracement.