โ๏ธ $FIL /USDT Technical Analysis (1D Chart)
๐ Current Price: $2.618 (โ4.90%)
๐ Moving Averages:
โข MA(20): $2.643
โข MA(50): $2.780
๐ Summary of Price vs MAs:
FIL is now trading below both the 20-day and 50-day moving averages, showing that short to mid-term momentum has shifted bearish after failing to hold above key resistance levels.
๐ Market Behavior:
After bouncing from the recent low of $2.112, FIL attempted to break higher but got rejected near $2.93โ$3.23 zone. The recent pullback suggests sellers are still active around the moving averages.
๐ฅ Momentum Snapshot:
โข Sellers remain in control for now.
โข A loss of the $2.61โ$2.60 area could trigger further downside retest.
โข Weak buying volume suggests caution for bulls at current level.
๐งฑ Key Levels:
โข Resistance: $2.64 โ $2.78 โ $2.93 โ $3.23
โข Support: $2.61 โ $2.34 โ $2.11
๐ Summary:
FIL is currently struggling to regain strength after repeated rejections near MA levels. A clean break above $2.64 could allow bulls to regain some control, but failure to hold current support may invite further downside.
โ ๏ธ DYOR โ This is not financial advice. Always use proper risk management and analyze multiple indicators before trading.
๐ Is FIL ready for a bounce or more downside coming? Share your thoughts!
