$FIL just tagged the local high and pulled back hard 👀
$FIL ran from that clean low at 0.7557 and has been printing higher highs and higher lows the whole way up. The latest leg was aggressive — price blasted through previous resistance and wicked all the way to 1.2296 before sellers stepped in. That rejection candle is clear.
Right now we’re sitting at 1.1447 after the pullback. Look at this level 👀 — it’s sitting right around the area where price was consolidating before the final push. Volume came in strong on the way up, and RSI(6) is still elevated around 68, so momentum is still there but not extreme yet.
If bulls can hold above this current zone and start printing higher lows again, the next target is a retest of that 1.2296 high. A clean break and close above it opens the door for continuation.
On the flip side, if we lose this area and start rolling over with volume, the next support sits lower around the previous swing structure near 1.04–0.94. A break there would put the recent move in danger.
This is the part I’m watching closely — how price reacts right here after that sharp rejection. A strong bounce keeps the structure intact. Weakness and lower highs would change the picture fast.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
$FIL ran from that clean low at 0.7557 and has been printing higher highs and higher lows the whole way up. The latest leg was aggressive — price blasted through previous resistance and wicked all the way to 1.2296 before sellers stepped in. That rejection candle is clear.
Right now we’re sitting at 1.1447 after the pullback. Look at this level 👀 — it’s sitting right around the area where price was consolidating before the final push. Volume came in strong on the way up, and RSI(6) is still elevated around 68, so momentum is still there but not extreme yet.
If bulls can hold above this current zone and start printing higher lows again, the next target is a retest of that 1.2296 high. A clean break and close above it opens the door for continuation.
On the flip side, if we lose this area and start rolling over with volume, the next support sits lower around the previous swing structure near 1.04–0.94. A break there would put the recent move in danger.
This is the part I’m watching closely — how price reacts right here after that sharp rejection. A strong bounce keeps the structure intact. Weakness and lower highs would change the picture fast.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
