FIL
FIL has been falling continuously since it reached $11.875 on March 9, 2024, and the trend is gradually forming a large descending channel (purple dotted channel). After a significant drop on February 2, 2025, the price entered a consolidation phase, gradually forming a flag pattern (light blue parallel channel).
Although the price has received support twice in the large channel, the overall trend is still downward. The flag pattern also shows that the trend may continue, and with the recent break below the support range (white square), it may continue to fall.
As of the time of writing, the temporary price is $2.31, and investors can wait for a better price to go short. Entry prices can be chosen between $2.4 to $2.5 or $2.7 to $2.8, which are two dense trading areas. The take-profit target is $1.5, and the stop-loss can be chosen based on individual risk tolerance, at $2.6 and $2.87 respectively.
NEIRO
FIL has been falling continuously since it reached $11.875 on March 9, 2024, and the trend is gradually forming a large descending channel (purple dotted channel). After a significant drop on February 2, 2025, the price entered a consolidation phase, gradually forming a flag pattern (light blue parallel channel).
Although the price has received support twice in the large channel, the overall trend is still downward. The flag pattern also shows that the trend may continue, and with the recent break below the support range (white square), it may continue to fall.
As of the time of writing, the temporary price is $2.31, and investors can wait for a better price to go short. Entry prices can be chosen between $2.4 to $2.5 or $2.7 to $2.8, which are two dense trading areas. The take-profit target is $1.5, and the stop-loss can be chosen based on individual risk tolerance, at $2.6 and $2.87 respectively.
ZEC
ZEC has recently fallen below the upward trend line, and the trend is gradually forming a flag pattern (light blue parallel channel). The price has been blocked multiple times at the midpoint of the large trading range (purple dashed line), indicating strong upward pressure and a weak upward trend. The flag pattern is also a common formation for trend continuation, and the price may further decline.
It is recommended that investors can set a short position above the flag pattern, with an entry price between $41 and $43.2. The take-profit position can be as far as around $28.5, slightly above the previous high. The stop-loss should be set above the midpoint of the large trading range, around $44.
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