-After the breakout and retest last August 18th -The price rallied up by 88% profit -If FXS will continue strong in the coming days -Then next key resistance level is 8 dollar -This zone is also a confluence of resistance Fib 0.5 -Be careful because this is not a good area to buy -The risk to reward ratio is no longer in your favor -It is better to wait for any consolidation or pullback -Also, BTC is retesting its previous resistance area at 48k -Pullback is not yet over for Bitcoin so be cautious everyone
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