$FIL
Filecoin's daily trend has become the focus of market attention. If it fails to effectively break through the key trend line of 3.884, it may indicate that the price will face downward pressure. We need to pay close attention to the specific position of the daily opening before 8 o'clock tomorrow morning, whether it is above or below this key point, which will provide important clues for the short-term trend.
In the observation of the naked K-line chart, we do not need to delve into complex indicator data, but directly judge based on the shape of the K-line itself. If the daily closing can successfully stand above 3.884 and form a positive line, then this will be a positive signal for continued rise; on the contrary, if it fails to break through and closes with a negative line, it may trigger a retracement or even a downward trend. It is worth noting that if the K-line goes down directly without a sharp peak, this may be a sign of the potential for future gains, but it needs to go through a retracement before that.
In K-line analysis, experts often focus more on the changes in the bottom rather than the prediction of the top, because the gradual rise of the bottom often indicates the establishment of an upward trend. As the saying goes, "there is no ceiling for rising prices, but there is a bottom for falling prices." With Filecoin currently at a relatively low bottom, every sign of a rising bottom may be a good opportunity to enter the market and go long. For spot investors, given the current small price fluctuations, it may be safer to hold the currency to avoid unnecessary costs caused by frequent transactions.
However, if Filecoin successfully builds a bottom and is ready to start a new round of rising prices, investors who fail to keep up in time may miss the opportunity for a large multiple increase. For investors with a higher risk appetite, you can consider using a small portion of your funds to participate in contract trading, but be sure to set a reasonable stop loss point to control potential risks. While keeping abreast of the market, you must remain calm and rational to move forward steadily in the storms of the crypto market.