💥$FIL /USDT – Building a Base or Just a Relief Push?🚀

📡 After a strong breakdown, $FIL is trying to recover from its recent lows, currently trading at $2.444, up by over 3%. The move has pushed it just above short-term moving averages on the 1H chart — but the real test still lies ahead.

The 1H RSI is at 51, showing renewed strength without overextension. However, on the 4H chart, RSI is just recovering from a bearish dip, sitting around 39, indicating there's still plenty of room for upside if momentum sustains.

Price action is slowly pressing against the $2.476 and $2.524 EMAs, acting as immediate resistance. On the 4H, $2.584 and $2.673 remain major hurdles that FIL must clear to flip the larger trend.

🔍 Technical Setup Thinking:

Short-term structure is recovering. We’ve got a series of higher lows on the 1H, volume pushing up, and RSI gradually curving upward — bullish traits. However, buyers need to reclaim $2.50 and close a 4H candle above $2.524 for the reversal to gain credibility.

A failure to break through $2.524–$2.584 could invite another selloff back to the support zone near $2.40–$2.42.

🎯 Strategic Outlook:

• If $FIL price dips to $2.42–$2.43 and holds, that’s a potential long-entry zone with minimal risk.

• Breakout entry possible above $2.524 on strong candle and volume.

• Short-term targets: $2.58 → $2.67

• Invalidation zone: Close below $2.40 erases current bullish setup.

🧠 Final Note:

“Early entries are only valid when backed by clean structure — not just green candles.”

FIL is recovering, but it’s not confirmed. The best trade setups will come on a clean retest or a true breakout.

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