FIL/USDT, highlighting a clear bullish trend driven by the recovery of the decentralized storage sector.
Trading Levels
Ideal entry zone: $4.10 - $4.25
Impulse zone: $4.35 - $4.55
Tp1 (conservative): $4.80 (Initial target to lock in profits)
Tp2 (Intermediate): $5.20 (Target based on the next resistance)
Tp3 (Moonshot): $6.00 (Extended target if the trend persists)
Stop Loss: $3.85
Key Indicators
RSI: It sits at 58.2. Being above the midline (50) and far from the overbought zone (>70) indicates healthy buyer dominance with ample room to move up, without immediate risk of a sharp correction.
EMA and MA: The EMAs (9 and 21) cross upward above the MA (50), confirming the main upward trend, while the 200 EMA acts as a solid structural support in the long term.
MACD: Shows a confirmed bullish crossover, where the MACD line crosses above the signal line with a histogram in positive territory, reflecting the strength and expansion of the current buying momentum.
Operate with discipline on Binance to ensure the protection of your capital. Keep your stop losses active and maximize your profits!