⚠️ $FIL /USDT SHORT TRADE SIGNAL
Based on the 15-minute chart analysis:
* Bearish Moving Average Crossover: The price is trading below the long-term Moving Averages (MA(25) and MA(99)), which are both trending downwards. More critically, the shorter-term MA(7) is currently below the MA(25) and MA(99), suggesting strong bearish momentum in the short-term.
* Price Action: The recent upward move (the green candles) appears to be a relief rally that has been rejected near the MA(99) (purple line) at approximately $1.57. This rejection confirms the overhead resistance and the dominant downtrend.
Trade Setup: Short Entry
* Short Entry: Below the current support level, ideally on a break and close below $1.50 (or a conservative entry at $1.51 - the current price - targeting a continuation of the downtrend).
* TP 1 (Target): $1.453 (Previous minor support/swing low area)
* TP 2 (Target): $1.404 (The recent 24h Low and strong support area)
* SL (Stop Loss): $1.576 (Just above the 24h High and MA(99) resistance area, which would negate the short-term bearish structure).
Short Outlook of Market
The short-term outlook for $FIL/USDT remains Bearish. The price is in a clear downtrend on this timeframe, marked by a pattern of lower highs and lower lows, reinforced by the bearish alignment of the Moving Averages. A break of the immediate support around $1.50 could accelerate the move towards the recent swing low of $1.404. Traders should exercise caution due to the possibility of a volatile bounce from the $1.40 support level.
