FIL still looks like a weak bounce.
🔴 $FIL - SHORT
Trade Plan:
Current Price: 0.894
Entry: 0.890 – 0.908
SL: 0.932
TP1: 0.876
TP2: 0.858
TP3: 0.836
FIL is trading around 0.894 on the fast TradingView read, and the broader perpetual backdrop is still soft: up only 3.23% on the week but down 1.48% on the month and 33.38% year to date. A recent TradingView idea also frames the 0.904–0.881 band as a demand area, which is exactly why this setup is interesting from the short side: if price cannot hold above the upper edge of that zone, the bounce starts looking fragile rather than constructive. The 0.890–0.908 entry band is where a weak reclaim can roll over if RSI fails to strengthen and MACD cannot carry the rebound with real impulse. In charts like this, traders often confuse “not falling hard” with “turning bullish,” and that mistake usually shows up right under nearby resistance. If FIL rejects there, the path back to 0.876 and below gets much easier to believe.
Are you selling this weak pop, or waiting for FIL to lose 0.876 before getting more aggressive?
Click below for trade 👇
Setup valid as of analysis time. Crypto moves fast — always verify live chart before entering. DYOR & manage risk!
$FIL
