【Retail investors keep saying, "Since it’s already fallen this much, where else can it go?" But have you ever seen a bottomless pit?】
FIL is now at $1.05, down 7.2% in the past 24 hours, but up 7.4% over the week. Once you put these numbers on the table, many people’s brains start fighting with each other—"When it falls, it drops hard. When it rises, it also rises. Is that strength or weakness?"
Let me tell you the truth: FIL is basically waiting to die in the cracks.
The key levels are right there: support at 1.02, resistance at 1.18. Right now, price is hovering around 1.05—there’s only a breath left before a breakdown. Break above 1.18 and that’s a reactivation signal; break below 1.02, and don’t ask me—ask whether the market is willing to bury it.
Why do I say “waiting to die”? It’s not nonsense. Look at the trading volume—it’s getting amplified in a weird way. When big money stirs the market at this position, what does that mean? Either they’re setting up a plan, or they’re distributing. Either way, it’s not good news for retail investors. Before big money leaves, they won’t ring bells to notify you—they’ll just create volatility so you chase pumps and get slaughtered on the dumps.
Now let’s talk about sentiment. FNG is at 74—greed territory—so the crypto market is starting to get restless again. But if you look closely at FIL—it’s falling. During the peak of emotion, FIL doesn’t follow through with the rise. What does that tell you? The market is splitting, and funds are withdrawing from this asset.
Some people tell me FIL is oversold already and that it’s time to bottom-fish. I ask them: are you buying a “cheap price,” or a “cheap project”? These two things are sometimes opposites. You think the price is low, but big money thinks it’s not worth that price—so who’s wrong?
In 2017, the time I got slaughtered, I believed that same garbage saying: “If it falls enough, it should go up.” What happened then? There was still a basement under the floor.
So my call right now is: wait and watch. If 1.02 breaks, you’re out. If it stands above 1.18, then we’ll talk. Don’t tell me about “what if you miss the move.” I’ve seen way too many people who didn’t miss the trade but missed their principal.
This time, I’m not getting in. Restless hands? Sure. But the old wounds from 2021 tell me that sometimes that itch is dangerous—scratching it can get people killed.
So what’s your mindset right now? Are you still willing to make a move?
FIL is now at $1.05, down 7.2% in the past 24 hours, but up 7.4% over the week. Once you put these numbers on the table, many people’s brains start fighting with each other—"When it falls, it drops hard. When it rises, it also rises. Is that strength or weakness?"
Let me tell you the truth: FIL is basically waiting to die in the cracks.
The key levels are right there: support at 1.02, resistance at 1.18. Right now, price is hovering around 1.05—there’s only a breath left before a breakdown. Break above 1.18 and that’s a reactivation signal; break below 1.02, and don’t ask me—ask whether the market is willing to bury it.
Why do I say “waiting to die”? It’s not nonsense. Look at the trading volume—it’s getting amplified in a weird way. When big money stirs the market at this position, what does that mean? Either they’re setting up a plan, or they’re distributing. Either way, it’s not good news for retail investors. Before big money leaves, they won’t ring bells to notify you—they’ll just create volatility so you chase pumps and get slaughtered on the dumps.
Now let’s talk about sentiment. FNG is at 74—greed territory—so the crypto market is starting to get restless again. But if you look closely at FIL—it’s falling. During the peak of emotion, FIL doesn’t follow through with the rise. What does that tell you? The market is splitting, and funds are withdrawing from this asset.
Some people tell me FIL is oversold already and that it’s time to bottom-fish. I ask them: are you buying a “cheap price,” or a “cheap project”? These two things are sometimes opposites. You think the price is low, but big money thinks it’s not worth that price—so who’s wrong?
In 2017, the time I got slaughtered, I believed that same garbage saying: “If it falls enough, it should go up.” What happened then? There was still a basement under the floor.
So my call right now is: wait and watch. If 1.02 breaks, you’re out. If it stands above 1.18, then we’ll talk. Don’t tell me about “what if you miss the move.” I’ve seen way too many people who didn’t miss the trade but missed their principal.
This time, I’m not getting in. Restless hands? Sure. But the old wounds from 2021 tell me that sometimes that itch is dangerous—scratching it can get people killed.
So what’s your mindset right now? Are you still willing to make a move?