Function X ($FXUSD) Setting Up for a Breakout

17 Feb

In this video, I analyze Function X FXUSD and explain why I believe it's on the verge of a major move. After a prolonged accumulation phase and strong post-selloff recovery, FX is now building momentum toward a key resistance test at $0.18. The low-liquidity environment ahead suggests that once this level is cleared, price action could accelerate quickly.

Currently trading around $0.1679, FX has shown steady volume increases over the past few days, and the order book remains thin above current levels. If price continues this structure, a breakout toward $0.18-$0.20 is likely, with potential for larger expansion toward $0.25+.

Key Market Observations & Trade Setup

🔹 Function X (FX/USD) Technical Breakdown
Price currently at $0.1679, steadily climbing after strong accumulation.
Gradual volume increase, signaling growing interest from buyers.
No major resistance until $0.18, making it the next key test.
Low liquidity past $0.20—breakout could trigger a sharp move.

🔹 Critical Price Levels & Targets
Next test zone: $0.18 (short-term resistance).
Breakout potential: If $0.18 clears, price could move toward $0.20-$0.25.
Higher timeframe targets: If momentum persists, $0.40+ remains a realistic upside zone.

🔹 Risk & Considerations
If price struggles near $0.167-$0.168, a short-term pullback toward $0.163-$0.164 is possible.

*And actually, that just happened here as I am reviewing this summary before I post it… This might be your last buying opportunity before the start of a major rally*

Market liquidity remains thin—expect volatility on the next leg up.
Watching for volume confirmation on approach to $0.18 resistance.

Final Thoughts
FX/USD is building strength and moving toward its breakout level at $0.18. The current uptrend remains intact, and volume trends support further upside. If FX clears resistance, a rapid move toward $0.20-$0.25 could follow, with even higher targets possible if momentum holds.

For now, I’m watching closely for confirmation on approach to $0.18—the next critical level for breakout validation.

18 Feb

Trade aktif

main engine start
Umbilical disconnect
Retract gantry
Positive climb
V one
Tower clear
We have lift off of STS-FX

18 Feb

Catatan

CAUTION:

It appears that a variety of double top may be forming on the 15 minute and nearby time frames… It could also end up being a rising wedge. Short term reassessment may be necessary if price begins to close consistently below .169.

I see no reason this should affect a slightly longer-term viability of this trade, but could put a real twist in your undies by overextending you and or missing out on an opportunity to get this at a better price…

This is still going where I think it's going after this advisory passes - I've been predicting the upside of this for quite a long time and any number of things has happened since then on the way up.