$FIL Price pullback test successfully turned previous resistance area into support
Breakthrough → Pullback → Continued rise
The current position of $FIL is relatively awkward. Although the overall upward trend is strong, it is currently approaching the upper pressure zone.
If considering going long, it is recommended to wait for the price to effectively break through the pressure zone, then test and confirm support on a pullback before entering. This type of entry opportunity is more stable.
As for the stop loss, it can be set near the low point of the previous pullback to ensure risk is well controlled.
If considering going long, it is recommended to wait for the price to effectively break through the pressure zone, then test and confirm support on a pullback before entering. This type of entry opportunity is more stable.
As for the stop loss, it can be set near the low point of the previous pullback to ensure risk is well controlled.
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FIL
2.74
-3.35%
