September 14, the FIL current price moved to around 0.9628. Judging from the current candlestick structure, after FIL’s earlier rapid surge, it has entered a high-volatility consolidation phase. In the short term, there is profit-taking pressure, but during the pullback there has not been any clear, continuous breakdown. The buy support around 0.95 is worth paying close attention to. Today’s key approach is not to chase—rather, observe whether the 0.96 area can hold. If the bulls can re-expand volume, there may still be an opportunity for the price to test higher again in the short term.
1-hour chart: short-term range-bound repair. The bulls need to regain control. From the 1-hour level, after rapid fluctuations, the price has gradually moved into a consolidation phase. The short-cycle moving averages have started to converge, indicating that the selling pressure from the bears has weakened. The area around 0.95 is an important defensive zone for the current short-term trend. As long as, after the pullback, the price can quickly reclaim above 0.96 and the trading volume increases in sync, the short-term structure is likely to turn stronger again. On the upside, first watch the pressure around 0.97. After a breakout, then consider the 0.98 area.