FIL pumping 15.43% with overbought RSI on the 4H — is Filecoin finally waking up or just a dead cat bounce? 🗂️
At $0.7856, FIL is showing some serious momentum. RSI at 77.7 on the 4H chart is deep in overbought territory, but the daily RSI is only at 60.1 — meaning there's still room to run if this trend continues. Volume at 2.6x average confirms this isn't fake.
🔍 Why This Trade?
Price just broke above the 99-day SMA ($0.761) and is now testing resistance. The 25-day SMA ($0.706) and 7-day SMA ($0.702) are both below, providing support. This looks like a trend change from bearish to bullish, but the 4H overbought condition suggests caution.
📊 Trade Plan (LONG on pullback):
• Entry: $0.7744 - $0.7968 (ideally wait for pullback to $0.77-$0.78)
• Stop Loss: $0.7407 (below 99-day SMA — breakout failed)
• Take Profit 1: $0.8170 (+4%, conservative)
• Take Profit 2: $0.8484 (+8%, momentum target)
• Take Profit 3: $0.8799 (+12%, if trend accelerates)
• Risk/Reward: 0.7R
I'm waiting for a dip to enter. Chasing a 15% pump is how you become someone else's exit liquidity.
🎯 Is FIL heading to $1 this quarter? Drop your target 👇
#FIL #Filecoin #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research and never invest more than you can afford to lose.
At $0.7856, FIL is showing some serious momentum. RSI at 77.7 on the 4H chart is deep in overbought territory, but the daily RSI is only at 60.1 — meaning there's still room to run if this trend continues. Volume at 2.6x average confirms this isn't fake.
🔍 Why This Trade?
Price just broke above the 99-day SMA ($0.761) and is now testing resistance. The 25-day SMA ($0.706) and 7-day SMA ($0.702) are both below, providing support. This looks like a trend change from bearish to bullish, but the 4H overbought condition suggests caution.
📊 Trade Plan (LONG on pullback):
• Entry: $0.7744 - $0.7968 (ideally wait for pullback to $0.77-$0.78)
• Stop Loss: $0.7407 (below 99-day SMA — breakout failed)
• Take Profit 1: $0.8170 (+4%, conservative)
• Take Profit 2: $0.8484 (+8%, momentum target)
• Take Profit 3: $0.8799 (+12%, if trend accelerates)
• Risk/Reward: 0.7R
I'm waiting for a dip to enter. Chasing a 15% pump is how you become someone else's exit liquidity.
🎯 Is FIL heading to $1 this quarter? Drop your target 👇
#FIL #Filecoin #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research and never invest more than you can afford to lose.