$FIL on the 1-hour chart.
We've seen a pretty sharp drop here from the 2.70s down to the 2.30s.
Looks like we're consolidating now, trying to find some footing around the $2.40-$2.45 area.
That previous low around $2.38 seems to be holding as immediate support for now.
Volume on that big red candle was definitely significant, indicating strong selling pressure.
Now, as we consolidate, volume seems to be tapering off a bit, which is typical.
What's next? If we can hold this $2.38-$2.40 area, we might see a bounce back towards $2.50-$2.55, which would act as the first resistance.
A break below $2.38, and we're likely heading lower to test the 2.30 zone again.
Watching this closely.
Staying patient on this one.