๐$FIL /USDT โ 1H Technical Breakdown
Current Price: $2.428
24H Change: +1.68% ๐
๐ Trend Summary:
FIL/USDT is attempting a weak recovery after previously dipping to $2.336. The price is now consolidating slightly above both moving averages, but momentum remains soft, showing early signs of possible short-term stabilization.
๐ Moving Averages:
โข MA 20: $2.419 โ just reclaimed, trying to act as intraday support.
โข MA 50: $2.416 โ price hovering slightly above, showing indecision.
โข MA 99: Not displayed on this timeframe โ no clear long-term momentum yet.
๐ง Key Observations:
โข The recent breakdown found short-term support near $2.336.
โข Recovery volume remains weak, indicating lack of strong bullish conviction.
โข Bulls need to break and hold above $2.451 to regain stronger upside momentum.
๐ฉ TL;DR:
Trend: Weak recovery with sideways bias
Resistance Zones: $2.451 โ $2.505
Support Zones: $2.419 โ $2.336
Breakout Watch: Needs firm breakout above $2.451 with volume increase to confirm upside.
๐ก Recommendations / Suggestions:
โข Wait for breakout above $2.451 before considering new longs.
โข Safer pullback entries may occur closer to $2.419 if support strengthens.
โข Drop below $2.336 would expose further downside risk.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Always trade responsibly and manage risk carefully.