$FIL Echo Fade After Dead Cat Bounce.....

After rallying from 1.964 to 2.386, $FIL shows signs of exhaustion on the 4H chart. Lower highs and a stalled candle structure hint at a potential bull trap. Momentum is fading, and sellers are starting to regain control.

📉 Short Trade Setup

• Entry Zone: 2.275 – 2.290

• Take Profit 1 (TP1): 2.200

• Take Profit 2 (TP2): 2.115

• Take Profit 3 (TP3): 2.030

• Stop Loss: Above 2.325

Market Insight:

FIL’s bounce from recent lows has lost steam, with rejection near previous support-turned-resistance. A break below 2.250 could trigger a fast move down. Bears may get a clean shot if weakness persists.