FIS has broken out of a steep downtrend with a strong bullish candle and sharp RSI spike, showing early signs of a potential long-term trend reversal.
Key Observations:
Downtrend resistance broken with volume
RSI exploded above 80, showing strong momentum
Price is currently retracing to the breakout zone for a potential retest
Setup Plan:
Entry: On successful retest of the breakout trendline (~0.105–0.115 zone)
Stop Loss: Below 0.105 (invalidates the breakout)
Targets (Long-Term):
TP1: 0.121 (interim resistance)
TP2: 0.174
TP3: 0.219
TP4: 0.258
If price confirms the breakout and holds above the trendline support, a longer-term uptrend could follow. Patience is key — retest is critical.
DYOR. Not financial advice
#FIS #CryptoTrading #Breakout
Key Observations:
Downtrend resistance broken with volume
RSI exploded above 80, showing strong momentum
Price is currently retracing to the breakout zone for a potential retest
Setup Plan:
Entry: On successful retest of the breakout trendline (~0.105–0.115 zone)
Stop Loss: Below 0.105 (invalidates the breakout)
Targets (Long-Term):
TP1: 0.121 (interim resistance)
TP2: 0.174
TP3: 0.219
TP4: 0.258
If price confirms the breakout and holds above the trendline support, a longer-term uptrend could follow. Patience is key — retest is critical.
DYOR. Not financial advice
#FIS #CryptoTrading #Breakout
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.