📢 $FIL / $USDT | 🔴 SHORT | ⭐ 85%
🎯 Target: $0.65445. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.6672
🛑 Stop Loss: $0.67485
🏁 TP1: $0.65445
🏁 TP2: $0.6519
🏁 TP3: $0.6468
📉 Analysis:
The structure of $FIL shows a fully bearish alignment across all timeframes with an ADX of 26.55 (indicating a trend with consolidated strength). We observe a volume spike of 9.3x above average and clear sell-side absorption, confirmed by a bearish MACD and an RSI of 34.72 (indicating technical weakness without reaching extreme oversold). Price is trading below the 20 and 50 EMAs, confirming bullish exhaustion after the triple top failure.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 5/5
The thesis is invalidated if price exceeds our stop-loss zone, which coincides with the 20 EMA. We will watch for a break of the immediate support at $0.66315; losing it would validate the continuation of the bearish move toward the VAL of the volume profile.
Do you think the current selling volume is enough for $FIL to break its immediate support?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #FIL #trading #Futures #Bearish
🎯 Target: $0.65445. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.6672
🛑 Stop Loss: $0.67485
🏁 TP1: $0.65445
🏁 TP2: $0.6519
🏁 TP3: $0.6468
📉 Analysis:
The structure of $FIL shows a fully bearish alignment across all timeframes with an ADX of 26.55 (indicating a trend with consolidated strength). We observe a volume spike of 9.3x above average and clear sell-side absorption, confirmed by a bearish MACD and an RSI of 34.72 (indicating technical weakness without reaching extreme oversold). Price is trading below the 20 and 50 EMAs, confirming bullish exhaustion after the triple top failure.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 5/5
The thesis is invalidated if price exceeds our stop-loss zone, which coincides with the 20 EMA. We will watch for a break of the immediate support at $0.66315; losing it would validate the continuation of the bearish move toward the VAL of the volume profile.
Do you think the current selling volume is enough for $FIL to break its immediate support?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #FIL #trading #Futures #Bearish