Filecoin (FIL) Short Trade, Long Trade Review: Buy, Sell, or Hold? ๐๐
Filecoin (FIL) is currently priced at $2.89, with intraday highs of $2.95 and lows of $2.82. Letโs break down the short and long trade strategies for todayโs market movement.
๐ Support Level: $2.82
๐ Resistance Level: $2.95
๐ Current Price: $2.89
Long Trade (Buy):
A drop to $2.82 or lower could present a buying opportunity.
If FIL breaks through the resistance level at $2.95, it may push higher, targeting $3.50 or more.
๐ Short Trade (Sell):
If FIL fails to break above $2.95, a pullback could be expected, targeting $2.60 or lower.
Consider selling if the price falls below $2.82, indicating a potential further decline.
โ๏ธ Hold Position:
For those holding, FIL is currently in a stable range. Holding is recommended unless a breakout above $2.95 or a dip below $2.82 occurs.
๐ฌ Whatโs Your Strategy?
What are you doing with your FIL position today? Buy, sell, or hold? Share your thoughts in the comments below!