Here's a concise technical analysis of $FIL /USDT (Filecoin) on the 4H timeframe.

📊 FIL/USDT – 4H Technical Snapshot

MetricValueCurrent Price$2.792 (-0.78%)Recent High$3.286 (Weak High)Recent Low~$2.49 (Major Low)Volume InsightDecreasing (implied from market structure)

🔍 Trend & Structure

📉 Overall Trend: Downtrend — confirmed by "Market Following Downtrend Here" annotation.

🔁 Current Range: $2.49 (support) → $3.28 (resistance)

⚠️ Price broke below $3.00, showing sustained bearish pressure.

🟢 $2.792 is a recent candle close — sitting in no-trade middle zone, close to $2.90 short-term resistance.

🟢 Key Support Levels

PriceRationale$2.49Major support / cycle low$2.70Interim support (last bounce)$2.50–$2.60Psychological & trendline confluence zone

🔴 Key Resistance Levels

PriceRationale$2.90–$3.00Short-term sellers’ zone$3.024Local reaction zone (bullish flip if cleared)$3.28+Weak High → potential breakout target$3.40Mid-term structural test level

🧠 Trade Ideas (Based on R:R)

✅ Bounce/Range Reversal

Entry: $2.70–$2.75

Stop: $2.49

Target 1: $2.90

Target 2: $3.02

Target 3: $3.28

R/R: 2.5x–3x potential

🔻 Trend Continuation (Short)

Entry: $2.89–$2.92 (into resistance)

Stop: $3.03

Target: $2.60

Invalidation: Close above $3.024

📌 Strategy Notes

Volume is key: Watch for increased buying volume near $2.70–$2.75 — that might signal a bounce off support.

Break of $3.03 with volume = trend reversal potential, especially toward $3.28+.

Risk is higher in the mid-zone ($2.79–$2.89) — wait for clearer direction.

Would you like this trade plan in a visual chart format or alerts based on key levels?

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