⚠️ Coin $FIL rejects the sloping resistance line and is preparing for a corrective bearish wave
🔴 Technical direction: a decisive and quick sell rejection upon touching the red sloping resistance line
📍 Monitoring zone: 0.7850 – 0.8000
🎯 Corrective price targets:
• Target 1: 0.7610
• Target 2: 0.7463
• Target 3: 0.7306
❌ Scenario invalidation: a 1-hour candlestick close above 0.8100
💡 Technical rationale: the price reached extremely overbought areas with an extreme overbought signal. Despite the presence of temporary upward momentum and a positive bias, the direct collision with the red sloping resistance line halted the vertical push and started a rapid profit-taking process.
🔴 Technical direction: a decisive and quick sell rejection upon touching the red sloping resistance line
📍 Monitoring zone: 0.7850 – 0.8000
🎯 Corrective price targets:
• Target 1: 0.7610
• Target 2: 0.7463
• Target 3: 0.7306
❌ Scenario invalidation: a 1-hour candlestick close above 0.8100
💡 Technical rationale: the price reached extremely overbought areas with an extreme overbought signal. Despite the presence of temporary upward momentum and a positive bias, the direct collision with the red sloping resistance line halted the vertical push and started a rapid profit-taking process.
