This year, all in on FIL, live in the palace after 2 years

FIL Price Analysis and Strategy: New High Breakthrough or Pullback Accumulation?

Market Analysis

The current price of FIL is $7.84, with a daily decline of 1.94%. Recently, the price has rapidly risen from a low point and touched a high of $8.424 before pulling back slightly. It is currently finding support near the MA(7) moving average. From a technical indicator perspective, the RSI(6) is at 69.59, approaching the overbought area, while the MACD remains in a bullish trend, but trading volume is gradually decreasing, indicating a cautious market sentiment.

Support and Resistance Levels

Support Levels:
1. $7.70
2. $7.20
3. $6.77

Resistance Levels:
1. $8.08
2. $8.42
3. $8.68

Short-term Trading Strategy

Long Position Strategy

• Entry Point: $7.70
• Add Position Point: $7.20
• Stop Loss Point: $6.77
• Multi-level Take Profit Points: $8.08, $8.42, $8.68

Short Position Strategy

• Entry Point: $8.08
• Add Position Point: $8.42
• Stop Loss Point: $8.68
• Multi-level Take Profit Points: $7.70, $7.20, $6.77

FIL is likely to consolidate between $7.70 and $8.08, waiting for further capital inflow to determine the direction. If it breaks above $8.08, it may quickly test the resistance area at $8.42 and above; however, if it falls below the $7.70 support, it may enter a deeper pullback, reaching the $7.20 or even $6.77 area.

【Bringing you the latest market trends and insights daily. Brothers often ask me what to do if trading fees are too high, you can register on Binance with my referral code to enjoy fee discounts. Referral code: Q9TB8ODZ, wishing my brothers and sisters abundant profits!】$FIL