#FIL/USDT is moving inside a clean descending channel on the 4h timeframe, respecting both the upper and lower trendlines. This structure has been intact for weeks, showing lower highs and lower lows as sellers continue to dominate.

Right now, $FIL is sitting near the mid-line of the channel after bouncing off the lower boundary. As long as this mid-zone holds, we could see a push back towards the channel top — but overall, the bigger trend remains bearish until $FIL breaks above the channel resistance.

For now, the channel edges remain the key levels to watch: rejections near the top = short setups, sweeps at the bottom = potential accumulation zones. Until $FIL escapes this structure, we can continue to play the range.