Coin Name: $FIL
Position: LONG
Entry Price: 2.783
On the 4-hour timeframe, Filecoin (FIL) has formed a megaphone pattern, indicating increased volatility and potential for large price swings. Currently, FIL is holding support at the lower trendline, suggesting possible stability. Additionally, the RSI is maintaining its position in the demand zone, signaling underlying bullish momentum.
On the 4-hour timeframe, the "Others" chart has broken out of an inverse head and shoulders pattern and completed a textbook retest of the neckline. If it holds above the support level and begins to move higher, it could trigger a bullish wave across mid-cap and low-cap altcoins.
On the 4-hour timeframe, BTC.D has broken down from a rising wedge pattern — a typically bearish formation — and has completed a clean retest of the breakdown level. If BTC.D continues to decline, it could signal increased capital flow into ETH and other altcoins, potentially leading to a strong altcoin rally.
Leverage: 5X
Targets:
1st TP 2.90
2nd TP 3.05
3rd TP 3.20
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$FIL
