🚀 $FXS — Bullish Momentum on 1H: Working from Long
📊 Indicators (brief):
EMA 21 / 50 / 99: price above all EMAs, bullish cross — trend is ascending
MACD: positive zone (DIF 0.009, Histogram 0.001) — momentum is strengthening
RSI (6 / 14): 83 / 75 — overbought, risk of correction
StochRSI: 89 — overbought zone, waiting for cooling
Volume: spike up to ~215K — confirms strength of movement
🧭 Trading Plan
Main scenario — LONG. Price is moving in an ascending channel, market structure is bullish, volume supports growth. Possible consolidation before continuation of the impulse.
⚠️ Risk — correction due to overbought conditions.
Alternative: short is considered only upon breaking 0.65 down with confirmation.
🎯 Targets (from 0.675):
TP1: 0.700 (+3.7%) — nearest resistance
TP2: 0.725 (+7.4%) — continuation of trend
TP3: 0.750 (+11.1%) — updating local highs
📌 Entries:
Aggressive: Buy 0.675 when candle closes above 0.67
Conservative: Buy from 0.66 (EMA21 zone) when RSI drops below 70
🛑 Stop-loss:
0.63 (-6.7%) — below EMA99 and the last local low
Conclusion: trend is bullish, priority — working from long. Best trades — after a pullback or short consolidation.
Spot Trading 👉$FXS
Futures 👇
