$FIL USDT is sitting on a key support zone around $1.0520, and this is where I’m watching price closely.
After the recent sell-off, buyers are trying to hold this area. If they defend support and momentum starts building, I’m looking for a possible recovery toward $1.0800 and $1.1000, with $1.1460 as the bigger resistance target.
My LONG Setup
Entry: $1.0520–$1.0620
TP1: $1.0800
TP2: $1.1000
TP3: $1.1460
SL: $1.0170
But let’s be real, the 4H chart is still weak. I don’t want to call a reversal before buyers actually show strength. If FIL loses $1.0520, we could see more downside before any proper recovery.
I’m watching this support zone closely. A confirmed bounce could create an opportunity, but risk management comes first.$BTW $ICNT
After the recent sell-off, buyers are trying to hold this area. If they defend support and momentum starts building, I’m looking for a possible recovery toward $1.0800 and $1.1000, with $1.1460 as the bigger resistance target.
My LONG Setup
Entry: $1.0520–$1.0620
TP1: $1.0800
TP2: $1.1000
TP3: $1.1460
SL: $1.0170
But let’s be real, the 4H chart is still weak. I don’t want to call a reversal before buyers actually show strength. If FIL loses $1.0520, we could see more downside before any proper recovery.
I’m watching this support zone closely. A confirmed bounce could create an opportunity, but risk management comes first.$BTW $ICNT