FILTrading

$FIL's recent rally from $1.964 to $2.386 has lost momentum, showing signs of exhaustion on the 4H chart. A potential bull trap is forming, with lower highs and a stalled candle structure.

*Short Trade Setup:*

- *Entry Zone:* $2.275 - $2.290
- *Take Profit Targets:*
- *TP1:* $2.200
- *TP2:* $2.115
- *TP3:* $2.030
- *Stop Loss:* Above $2.325

*Market Insight:*

- *Loss of Steam:* FIL's bounce from recent lows has fizzled out, with rejection near previous support-turned-resistance.
- *Potential Downside:* A break below $2.250 could trigger a rapid decline, giving bears a clear opportunity to take control.

Traders are advised to monitor FIL's price action closely, as weakness may persist.

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