๐จ
$FIL BELOW $ 1 โ REMEMBER WHAT WE WARNED ABOUT? ๐ฃ
We marked $ 1 as the critical level for FIL's bullish structure.
Now the market is testing that warning. ๐
FIL dropped more than 8% in 24 hours, briefly reaching $0.991 on Binance Futures.
And this wasn't a quiet move.
๐ Aggressive sellers dominated the latest breakdown.
๐ Futures Open Interest contracted.
๐ฅ The psychological $ 1 level is under serious pressure.
But here's the real questionโฆ
IS THIS A LIQUIDITY SWEEP OR THE START OF A DEEPER COLLAPSE?
๐ข BULLISH SCENARIO:
A quick reclaim of $1, followed by a recovery above $1.01โ1.04, could turn this into a failed breakdown.
๐ด BEARISH SCENARIO:
Failure to reclaim that area puts $0.9646 in focus.
Lose that level, and $0.9008 becomes a possible downside target.
๐ก MY TAKE
Identifying the critical zone was only step one.
Now we need to see how the market reacts.
A wick below $ 1 isn't enough to confirm a breakdown. But ignoring the selling pressure would be a mistake.
๐ฅ YOUR CALL:
Is
$FIL shaking out the last bulls before a rebound?
Or has the real selloff only just begun? ๐๐
#FILUSDT #SupportBreakdown #LiquiditySweep