FILUSDT: The Sleeping Giant in a Rectangle Trap

Filecoin has been ranging in a rectangle pattern since August 2022 — a slow burner, but potentially explosive.

Recently, it dipped below demand, swept liquidity near $2.00 (fakeout?) and snapped back to reclaim support — classic spring move! 🔁⚡

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Key Levels to Watch

Support Zone:

• $2.40 - $3.00 → Long-term demand zone, recently reclaimed. (🛡️)

Resistance Zone:

• $10.50 - $11.80 → Strong supply wall, multi-year significance. (🚧)

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Measured Move Targets (Rectangle Play):

Breakout ➤ $20.00

• Matches a key level from Dec 2020 (📈 Long-term resistance-turned-target)

Breakdown ➤ $0.50

• The nightmare scenario — but clean invalidation at $2.00 keeps risk in check. (⚠️)

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Takeaway:

FIL is lagging behind the altcoin pack — but that could be your edge.

No FOMO here — just clean structure, strong R:R, and a well-defined invalidation. (🎯)

If patience is your superpower, this setup could be a quiet winner.

Eyes on the range… the breakout could be dramatic. 📊🚀$FIL