FXS/BUSD ($8 Key Resistance Area)

💎Technical Analysis Summary💎


FXS/BUSD

-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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