$FIL Trades Below Key Structure as Bears Target Lower Liquidity
FILUSDT remains technically bearish on the 4H chart after failing to break and hold above a major bearish order block. This zone acted as strong resistance, leading to a sharp rejection and an impulsive sell-off that broke previous support. The breakdown confirmed a continuation of the broader downtrend rather than a temporary pullback.
Price is currently consolidating below former structure around the 0.90 region, but the lack of strong bullish candles suggests limited demand. This range is likely a pause before continuation rather than a base for reversal.
As long as $FIL remains below the order block and structure resistance, sellers retain control. The next downside objective aligns with liquidity resting near 0.80. Only a strong reclaim above resistance would invalidate this bearish outlook.
