$FIL is compressing after a sharp reaction and the chart is setting up.

Price swept down into 1.356, grabbed liquidity, and bounced with speed. That low did its job. Since then, structure flipped into higher lows and price pushed straight into 1.405 before cooling off. Sellers tried to fade it, but they couldn’t break the structure.

Right now price is stabilizing around the 1.38 to 1.39 zone. This area matters. If buyers keep defending it, the chart can rotate back toward the highs that were just tapped. Liquidity is still sitting above.

Here’s the setup I’m watching.

EP

1.375 to 1.390

TP

TP1 1.405

TP2 1.435

TP3 1.470

SL

1.350

The sweep is done. Structure is holding. If momentum steps back in, this move can expand fast.

Let’s go $FIL