$FIL /USDT – Weak Momentum Below Resistance Zone🤔🔐👇
Current Price: $2.859
Timeframe: 1D & 1H
Trend: Bearish-to-Sideways
Chart Breakdown:📊
On the 1D chart, $FIL is struggling to break above the resistance zone between $2.899–$3.097.
Price was recently rejected from the upper range and is now hovering near $2.85–$2.86.
Moving averages are squeezing tightly — a signal that volatility may increase soon.
On the 1H chart, the price is consolidating just below the key 200 EMA. This signals lack of strong buying.
RSI is bouncing back from the oversold zone, currently around 59.61 (1H), but no confirmation of strength yet.
Market structure shows equal highs (EQH) and equal lows (EQL), hinting at range-bound behavior.
Strategy Plan:👨🏫
Short-term bias: Bearish below $2.88❌
Breakdown below $2.83 can take FIL towards the demand zone near $2.74–$2.76
Upside invalidation: Only a clear break and close above $2.90–$2.93 may trigger a short squeeze toward $3.10
Stop-loss for shorts: $2.91☣️
Trade duration: Intraday to 1.5 days
Global Sentiment:🌍
Neutral to weak – Bitcoin’s sideways movement is dragging altcoins into consolidation zones.
Traders are cautious before the U.S. inflation data next week.
$FIL volume is low – No major news driving breakout yet.
Pro Tip:🧑🏫
Wait for a breakout confirmation before entering. Don’t chase mid-range. Let the price give you direction.
👨❤️👨"The best trades come from patience, not predictions."
Disclaimer:⚠️
This analysis is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.