FXS / TetherUSLong
Can #FXS Bulls Make a Comeback? Key Levels to Watch
Yello Paradisers! Is #FXS gearing up for a massive breakout? Or will the bears take full control? Here’s what’s happening right now with #FraxShare (FXSUSDT) and why this next move could be crucial:
💎#FXSUSDT has been stuck in a descending triangle pattern, consistently rejecting off its downward resistance line. This structure suggests a squeeze is coming, and a decisive break will set the tone for the next big move. Currently, #FXS is hovering near a strong support zone at $1.53, where buyers are stepping in.
💎A bullish divergence on the histogram is forming, hinting at a potential momentum shift. But for bulls to take charge, #FXSUSD must break above the descending resistance and reclaim $3.32. If this level is flipped into support, we could see a strong rally toward the $5.32 resistance zone, where heavy selling pressure might re-emerge.
💎However, if #FXS fails to hold above $1.53, the bullish setup will weaken, increasing the risk of further downside. A breakdown below this level would expose the next major support at $0.36—a level where panic could set in, leading to a sharp sell-off.
💎The battle between bulls and bears will reach a climax at $0.36 because if it fails, the bears will be in total control, invalidating the bullish setup.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#FXSUSDT has been stuck in a descending triangle pattern, consistently rejecting off its downward resistance line. This structure suggests a squeeze is coming, and a decisive break will set the tone for the next big move. Currently, #FXS is hovering near a strong support zone at $1.53, where buyers are stepping in.
💎A bullish divergence on the histogram is forming, hinting at a potential momentum shift. But for bulls to take charge, #FXSUSD must break above the descending resistance and reclaim $3.32. If this level is flipped into support, we could see a strong rally toward the $5.32 resistance zone, where heavy selling pressure might re-emerge.
💎However, if #FXS fails to hold above $1.53, the bullish setup will weaken, increasing the risk of further downside. A breakdown below this level would expose the next major support at $0.36—a level where panic could set in, leading to a sharp sell-off.
💎The battle between bulls and bears will reach a climax at $0.36 because if it fails, the bears will be in total control, invalidating the bullish setup.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.