Technical analysis by MyCryptoParadise about Symbol FXS: Buy recommendation (2/18/2025)

Yello Paradisers! Is #FXS gearing up for a massive breakout? Or will the bears take full control? Here’s what’s happening right now with #FraxShare (FXSUSDT) and why this next move could be crucial:💎#FXSUSDT has been stuck in a descending triangle pattern, consistently rejecting off its downward resistance line. This structure suggests a squeeze is coming, and a decisive break will set the tone for the next big move. Currently, #FXS is hovering near a strong support zone at $1.53, where buyers are stepping in.💎A bullish divergence on the histogram is forming, hinting at a potential momentum shift. But for bulls to take charge, #FXSUSD must break above the descending resistance and reclaim $3.32. If this level is flipped into support, we could see a strong rally toward the $5.32 resistance zone, where heavy selling pressure might re-emerge.💎However, if #FXS fails to hold above $1.53, the bullish setup will weaken, increasing the risk of further downside. A breakdown below this level would expose the next major support at $0.36—a level where panic could set in, leading to a sharp sell-off.💎The battle between bulls and bears will reach a climax at $0.36 because if it fails, the bears will be in total control, invalidating the bullish setup. Stay focused, patient, and disciplined, Paradisers🥂MyCryptoParadiseiFeel the success🌴