$FIRO /USDT Short Trade Signal
Market Analysis: FIRO/USDT on the 5-minute chart shows rejection near $2.50, forming lower highs, and currently testing support at $2.26. This indicates bearish momentum building below key levels.
FIRO
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Entry Point: $2.260 (below current candle support).
Take Profit (TP):
1. TP1: $2.200
2. TP2: $2.150
Stop Loss (SL): $2.300 (above recent rejection level).
Trade Rationale: Clear signs of selling pressure at $2.50 with a retest of support. A breakdown below $2.26 can lead to a short-term bearish move.
Risk Management: Maintain a 1:2 risk-reward ratio and adjust lot size based on account size and SL distance.
Action Plan: Enter only after a confirmed breakout below $2.260 with high selling volume. Trail SL to breakeven once TP1 is hit.