💥 FIL explodes +13.6% on 2.84x normal volume — this is the kind of breakout that gets attention.
Filecoin just smashed through $0.776 with surging volume and a strong uptrend on the 4H. RSI at 73.6 is overbought but not exhausted. MACD is positive and expanding. Price is well above both 4H SMAs ($0.735 and $0.695) and critically, above the daily SMA99 ($0.759) — a level that acted as resistance for weeks.
Volume ratio at 2.84 is massive. When volume confirms a breakout like this, follow-through is likely.
📋 LONG Trade Plan:
• Entry: $0.764 – $0.788 (buy the retest of breakout zone)
• Stop Loss: $0.727 (below 4H SMA7 — clean invalidation)
• TP1: $0.807 | TP2: $0.838 | TP3: $0.869
• R:R = 0.6 | Confidence: 77%
⚠️ Overbought RSI = expect volatility. Scale in, don't ape.
FIL has been dead money for a long time. Is this the start of something bigger? 📈
#FIL #Filecoin #DYOR
⚠️ Disclaimer: This is personal analysis, not financial advice. Always do your own research and manage risk carefully.