$FXS is showing signs of short-term weakness after failing to hold above the recent high. Price faced rejection near the top and sellers have started to step in, which signals a possible short-term bearish move. Momentum has slowed down and the structure suggests a pullback phase.

Trade Setup (Short):

Entry: 0.685 – 0.695

Targets: 0.665 – 0.650 – 0.635

Stop-Loss: 0.710

This looks like a short-term correction within the larger move. Trade carefully and manage risk properly.

$FXS

FXSUSDT

Perp

0.6701

-2.85%