$FIL /USDT BEARISH ANALYSIS 🚨📉
Filecoin has faced a strong rejection from the upper resistance zone, showing clear bearish momentum as sellers dominate. The price is currently trading around $1.594, below key moving averages (MA7, MA25, MA99), confirming downside pressure.
🔹 Key Levels:
Resistance: $1.65 – $1.70 💢
Support: $1.58 – $1.50 ⚠️
Current Price: $1.594
📊 Technical Outlook:
The breakdown below MA(25) and MA(99) signals continuation of the bearish trend. If price fails to reclaim $1.65, more downside toward $1.50 is expected. Volume confirms strong selling pressure.
💣 Trade Setup (Short Entry):
Entry: $1.60 – $1.62
TP1: $1.55
TP2: $1.50
SL: $1.67
⚖️ Risk Management:
Use 2–3% max risk per trade. Wait for candle confirmation below support before entry. Protect capital — trend is your friend, and currently it’s downward 📉
#FIL #CryptoAnalysis #BearishTrend #Filecoin #MarketPullback