$FXS Short Setup: Pullback in Play? 📉🔴
After a massive +43% surge,
$FXS is showing signs of exhaustion. Sellers are stepping in as momentum shifts toward a correction.
Key Technical Highlights:
* Resistance Rejected: Strong rejection near the $1.10 level.
* Distribution: Money flow indicates profit-taking after the recent spike.
* Bearish Trigger: Watching for a clean break below the $0.900 support to accelerate the move down.
Trade Parameters:
* Entry Zone: $0.925 – $0.940 🎯
* Target 1: $0.875 (Immediate Support)
* Target 2: $0.825 (Demand Zone)
* Target 3: $0.770 (Major Consolidation)
* Stop Loss: $1.005 (Protects above psychological resistance) 🛡️
Trade safe and manage your risk! ⚡️
#FXS #CryptoTrading #ShortSetup #Bearish #DeFi
#LiquidStaking