📊#FXS has rebound expectations📈🧠We started to fall according to the double top structure and reacted well after touching the main support line. We can pay attention to the double bottom structure that may be formed here. It will be established after breaking through the turning point. If it is established, then we will most likely go to the neckline or resistance zone.
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FXSUSDTPERP
FXSUSDTBINANCE:FXSUSDT LONG
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⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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FXSUSDTFXS entered a descending channel on February 8th, which was confirmed by several upward and downward touches within this channel. However, recently the price broke below the trendline and we are witnessing a consolidation below the trendline, indicating a more bearish market trend.
Within the range of $4 to $4.30, we have a strong support line that has acted as support multiple times and caused price increases. This range can be a good opportunity for short-term entry and buying, and it has the potential to change the overall trend.
However, overall, I am not optimistic about the market these days, and I expect further decline for the market, especially for altcoins.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."