$FIL Filecoin Might Dump โš ๏ธ๐Ÿ“‰ | Bearish W Pattern Spotted on Chart ๐Ÿ˜ฌ๐Ÿ”

๐Ÿ˜ตโ€๐Ÿ’ซ Filecoin just flashed a bearish W pattern โ€” and thatโ€™s not the kind of double bottom bulls want to see. The setup hints at a fakeout rally followed by a deeper move down ๐Ÿ“‰๐Ÿ’€.

๐Ÿ”ป Sell pressure is creeping in, with RSI flattening and MACD showing signs of a bearish crossover ๐Ÿ”„๐Ÿป. Momentum is fading fast, and candles are turning red across lower timeframes ๐Ÿ”ด๐Ÿ•ฏ๏ธ.

๐Ÿ“‰ Volume is thinning, and buy volume is drying up โ€” clear signs of market uncertainty and exhausted bulls ๐Ÿฅต๐Ÿ’ง. This type of W pattern often signals a trap zone, and those chasing bounces could get caught in a dump spiral ๐Ÿ•ณ๏ธ๐Ÿ“‰.

๐Ÿณ On-chain, whale distribution is accelerating ๐Ÿ“ฆ๐Ÿ”. Large holders are offloading quietly, and exchange balances are creeping up ๐Ÿ“ˆ๐Ÿฆ โ€” a classic sign of incoming liquidity for selling ๐Ÿšจ.

๐Ÿ“ฑ Meanwhile, social sentiment is cooling rapidly ๐Ÿ˜ถโ„๏ธ. Discussions around Filecoin have dropped, and wallet growth is slowing, suggesting fading interest and reduced conviction ๐Ÿ˜๐Ÿ“‰.

โณ If this pattern plays out, Filecoin might revisit lower support zones and sweep recent lows โ€” especially if overall market conditions remain weak. Donโ€™t ignore the signals โ€” manage risk aggressively and stay cautious.

๐Ÿชค This could be a fake breakout turning into a nasty breakdown. Patience and protection are key in this kind of environment.

โš ๏ธ Not financial advice โ€” always DYOR ๐Ÿง ๐Ÿ“š