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FXSUSDT trade ideas

FXS IDEA! BYBIT:FXSUSDT.P This is my idea on FXS (if this isn't already the bottom) if we decided to come for another swing down how my chart is drawn up that would be a zone where I would take a trade any day of the week. Now all there is too do now is sit tight in that patience zone, set a few alarms on a few prices, check the reactions of them spots you pick and be ready to execute your plan. If this does not work out that is also completely okay with a 1% loss? let's get to work!! Thanks guys.
Long
by fusfamily
FXSUSDT seeks breakout opportunity?!!👀 FXS Today Analysis💎At present, FXSUSDT is navigating a descending channel pattern, but there's anticipation of a breakout on the upside. 💎The price is trading within the Bollinger Bands, indicating consolidation, and it's positioned in a high demand area. 💎it's crucial to keep a close eye on the price action and look for confirmation of an upside breakout to consider potential buying opportunities. 💎 In the ever-evolving world of crypto, staying updated and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
FXSUSDTFXS entered a descending channel on February 8th, which was confirmed by several upward and downward touches within this channel. However, recently the price broke below the trendline and we are witnessing a consolidation below the trendline, indicating a more bearish market trend. Within the range of $4 to $4.30, we have a strong support line that has acted as support multiple times and caused price increases. This range can be a good opportunity for short-term entry and buying, and it has the potential to change the overall trend. However, overall, I am not optimistic about the market these days, and I expect further decline for the market, especially for altcoins. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
2
FXSUSDT → Breakthrough resistance opens up new targets BINANCE:FXSUSDT is showing great momentum after a false break of support at 4.841 (touching wedge support). The coin strengthens by 27% and breaks consolidation resistance. The bulls are trying to take control of the situation. A retest of strong resistance 5.866 is forming and is currently sandwiched in a local range between the previously broken wedge boundary and between resistance 5.866. Against the backdrop of strengthening BINANCE:BTCUSD , BINANCE:FXSUSDT price is also growing and currently stands at 5.750. SMA50 was also broken earlier. The main goal for the buyers is to consolidate above the wedge or above the level of 5.866 after its breakout. After that, we are likely to see a strengthening towards 6.960 and even to 8.800. Support levels: the previously broken wedge boundary, MA-50, 4.841 Resistance levels: 5.866, 6.959 I expect that the bulls will be able to hold their positions. If it succeeds, the coin will start to rise to 6.959 Regards R.Linda!
Long
by RLinda
10
Emerging OpportunitiesFXS has exhibited a distinct bearish trend over the course of the previous month. Following the breach of the lower channel support, its price descended precisely to the channel's bottom. However, it displayed a favorable response near the $6 price level, indicating potential signs of a trend reversal in the daily timeframe. This retracement can be interpreted as a corrective wave within the ongoing downtrend. Nonetheless, the support at $6 is expected to hold due to the robust reaction observed in the past when approaching this level. A potential rebound could result in a positive response within the $6.60 range. Consequently, the short-term and medium-term targets for this currency can be identified within the price ranges of $7.95, $8.25, $9.10, and $9.65.
by MonoCoinSignal