$FIL Bullish Breakout With Momentum Expansion
Market Overview:
$FIL is regaining traction after consolidating near key support, with a strong breakout above $1.60 confirming renewed buyer interest. The overall market tone remains slightly risk-on, favoring continuation setups like FIL’s clean breakout structure.
Key Levels:
Support: $1.60 and $1.57
Resistance: $1.72 and $1.76
Next Move:
FIL has pushed above resistance with strong volume and higher lows, confirming a bullish shift. As long as price holds above $1.64, the breakout remains valid. Sustained buying pressure could drive a fast move toward the $1.72–$1.76 zone.
Trade Setup:
Entry Zone: $1.64 – $1.66
Target 1 (TG1): $1.68
Target 2 (TG2): $1.72
Target 3 (TG3): $1.76
Stop Loss: $1.60
Short-Term Insight:
Momentum indicators show strong buyer control. A retest of $1.64 could attract fresh entries before another push higher.
Mid-Term Insight:
If $1.76 breaks on volume, FIL could aim for a broader range toward $1.90–$2.00, marking a structural shift in trend strength.
Pro Tip:
Watch for retests near $1.64–$1.66. When volume confirms a rebound from this zone, it often signals the start of the next impulsive leg up.
