LuTheProphecy

FXS Plan for 30/SEP/2023 - 6/OCt/2023

BINANCE:FXSUSDT.P   FXS / TetherUS PERPETUAL CONTRACT
Crucial zone: 5.893 -> 5.942
Nearest Support: 5.685 (strong support) -> 5.745
Momentum: D (increasing), h4 (Decreasing), h2 (Decreasing)

As for now FXSUSDT will need to retest 3.81x zone as it is losing the momentum, we will need wait it to retest the channel. It is high chance of this symbol will moving to retest the nearest strong support zone at: 5.68x zone. Suggesting to overwatch the price reaction at 5.570 zone, Estimating it will take about atleast a Week to moving to that zone, Please aware that the volitality of BTC on this time range, it can be cause the price to tap to that zone and make a candle with long shadow.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.