🔍 What is Filecoin (FIL)?
Filecoin (FIL) is a digital currency aimed at providing a decentralized data storage system, allowing users to rent unused storage space on their devices.
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📈 Why Filecoin today?
• Bounce from support level: FIL has bounced from the support level at $2.26, indicating a potential start of an upward trend. 
• Upcoming technical updates: Upcoming technical updates, such as FIP 0097, are expected to enhance the network's performance, which may lead to increased demand for the currency. 
• Positive technical analysis: Analyses suggest the possibility of breaking the resistance level at $2.63, which could drive the price towards $2.99. 
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💡 Suggested trading strategy
• Entry point: Buy as the price approaches $2.50, while monitoring for positive reversal signals.
• Exit point: Sell at levels of $2.90 or higher, depending on market movement.
• Risk management: Set a stop loss at $2.30 to minimize potential risks.
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⚠️ Warning
Trading in cryptocurrencies involves high risks due to extreme market volatility. Always ensure to manage capital wisely and do not risk more than 1-2% of capital on a single trade.
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