$FIL /USDT Technical Analysis and Best Trading Strategy Plan 🧑🏫 🔐 👇
Current Price: $2.866
Timeframes Analyzed: 1H & 4H
Trend Bias: Neutral-to-Bullish Consolidation
Trade Duration: Short-term (12–24 hours)
🔹 Chart Pattern & Candle Structure
On the 4H chart, $FIL has printed a long-bodied green candle followed by a red correction candle, signaling short-term resistance around the $2.93 zone. The price is currently ranging tightly near the mid-Bollinger Band and holding above the orange 200 EMA – a potential setup for continuation if it breaks out.
On the 1H chart, $FIL has formed a descending triangle like structure, hugging the lower highs but refusing to break the $2.85 support area with a flat base. This suggests that sellers are testing support, but bulls are not allowing breakdown.
📌 Key Levels
Support: $2.85 / $2.76
Resistance: $2.93 / $2.95
Bollinger Band Midline: Acting as pivot zone
RSI: Recovering but under 50 – neutral zone
📈 Best Strategy Plan
🔸 Scalp Strategy:
Enter at $2.84–2.86 range
🎯 Targets: $2.91 / $2.93 / $2.96
🛑 Stop-loss: $2.79
🔸 Breakout Strategy (Confirmation needed):
If price closes above $2.93 on 1H with volume:
🎯 Targets: $3.05 / $3.12
🛑 Stop-loss: $2.85
📌 Volume is stable and showing accumulation — buyers may push it up if $2.93 breaks.
💡 Why Bullish Setup?
200 EMA providing dynamic support
Higher low formations on 1H
RSI recovering from oversold
Price compressing in a tight range = upcoming volatility
💬 "Consolidation is the silence before the breakout storm — don’t sleep on setups that seem boring."
📉 Disclaimer: This analysis is for educational purposes only. Do your own research before investing.