$FIL CONSOLIDATION MODE โ WAITING FOR A DECISIVE MOVE ABOVE RESISTANCE
๐ Current Price: $2.442 (โผ -0.29%)
๐ 24h High / Low: $2.451 / $2.382
๐ฐ 24h Volume: 1.87M FIL | $4.52M USDT
๐ Trend: Sideways / Slightly Bearish Consolidation
๐ KEY TECHNICAL LEVELS:
Immediate Resistance: ๐ผ $2.45 โ Daily high; needs a clear break to shift momentum
Major Resistance: ๐ผ $2.60 โ Key structural resistance and Bollinger Band top
Support 1: ๐ฝ $2.38 โ Local low and current bounce zone
Support 2: ๐ฝ $2.30 โ Stronger historical support level
Trend Support: ๐ฝ $2.11 โ Multi-week low, invalidation of bullish structure if lost
โ๏ธ TRADE SETUP โ NEUTRAL TO BULLISH BIAS
๐ Long Entry (On Confirmation): $2.46 โ $2.48 (after clear breakout with volume)
๐ฏ Targets (TP):
TP1: $2.60
TP2: $2.75
TP3: $2.90
๐ก๏ธ Stop Loss (SL): $2.37 โ Below recent structure low
๐ Short Entry (If Rejected at $2.45): $2.44 โ $2.40
๐ฏ Targets (TP):
TP1: $2.30
TP2: $2.11
๐ก๏ธ Stop Loss (SL): $2.48 โ Invalidation above range top
โ๏ธ RISK MANAGEMENT:
Trade only with 1โ1.5% capital per position
Stick to a 2:1 Risk/Reward ratio
Avoid entering during low volume chop โ wait for a decisive breakout or rejection
๐ Conclusion:
$FIL/USDT is currently range-bound between $2.38โ$2.45, showing signs of indecision. A breakout above $2.45 could trigger a move toward $2.60+, but volume confirmation is key. If resistance holds, price could revisit $2.30 or lower.
โ ๏ธ Stay patient โ let the price show direction before committing.
โIn sideways markets, survival beats prediction. Trade the breakout โ not the noise.โ ๐๐
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