$FIL is showing signs of weakening momentum after its sharp rally, with sellers defending the key resistance zone around $1.2314â$1.2500. Buyers are struggling to push the price higher, while selling pressure is increasing and the market is showing signs of a possible correction.However, if buyers regain momentum and reclaim the resistance area, the bearish setup could weaken or become invalid. A clear rejection, a confirmed breakdown, and proper risk management are important before considering any trade.Will $FIL break below $1.22 and extend its correction, or will buyers step in and push the price back toward resistance?
FIL
1.1433
-2.74%