🚀$FIL /USDT Analysis – Caution: Bears Still in Control🤔🔐👇
Current Price: $2.181
Timeframes: 1H & 1D
Status: Bearish Continuation ⚠️
🔍 1H Chart Observations:📊
$FIL Price is consistently rejecting from the EMA20 ($2.204) and trending below EMA50 ($2.234) – bearish pressure intact.
Multiple lower highs and lower lows forming on short timeframe.
MACD: Neutral histogram with bearish crossover beneath zero line – lacks momentum.
RSI (14): ~40.14 – weak but not yet oversold, room for more downside.
🧭 1D Chart Insights:📊
Clear downtrend structure with price below both EMAs ($2.352 & $2.645).
Recent rally attempt was rejected from EMA20 – bearish market retest failed.
MACD: Still bearish and declining, no sign of reversal.
RSI: Around 37.69 – weak momentum, close to oversold but no strong bounce yet.
📌 Key Levels:🔑
Immediate Support: $2.17 → Break below may trigger $2.05–$2.00 range
Resistance Zone: $2.20 / $2.35
Breakout Trigger (Bullish Reversal): Daily close above $2.35 with strong volume
📉 Bearish Trade Plan (Short Bias):❌
Entry: $2.20–$2.23 (bounce rejection)
Target: $2.05
Stop-loss: $2.265
Trade Duration: 1–3 days
⚠️ Avoid Longs Until: Price breaks above daily EMA20 with MACD crossover confirmation.
🧠 "When a trend shows no sign of strength, stepping back is also a strategy. Don’t fight momentum, ride it."
📛 This is not financial advice. Do your own research and always manage risk wisely.
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