$FIL — Bouncing from the Dip or Just a Breather? 🧐

Filecoin ($FIL ) has been having a rough time lately, currently sitting at $2.10, down 3.09% in 24H, and deep in red territory on longer timeframes — -33% over 90 days, and -61.7% over 6 months.

But here’s the interesting part 👇

🔹 Recent Low: $1.964, which marked a sharp rejection wick — a possible local bottom?

🔹 Slight Recovery: Price rebounded back over $2.10 after the dip, showing some buying interest.

🔹 Order Book Split: Almost balanced — 46.45% buy vs 53.55% sell — sentiment is still cautious.

The 1H chart shows an attempted reversal — we might be seeing a short-term relief bounce, but momentum still looks fragile. Personally, I’m eyeing a close above $2.15 before calling it a confirmed bounce.

📌 If you’re watching $FIL , this is one of those setups that can either grind slowly back up — or sink further if it loses support again. For now, tight stops and smaller positions make sense.

✨ I’ve been documenting these scenarios using Binance Write to Earn — it’s helped me stay objective, refine my thoughts, and connect with traders who actually know what they’re doing.

Sometimes the best plays aren’t the flashy green ones — they’re the oversold assets prepping for a quiet comeback.

Not financial advice — just how I’m navigating it. Always DYOR.

#FIL #CryptoRebound #AltcoinAnalysis #TradingInsights #MarketWatch