🔥 $FIL +13% IN A DAY: BREAKOUT ABOVE $1.20 OR PULLBACK DUE TO RECORD RSI? 🚀💾
Filecoin surged to $1.1852 (+12.8%), breaking above the upper 4H Bollinger Band amid the growing market capitalization of the decentralized storage sector. However, the 4H RSI(6) reached an overheated 81 (76 on the 1D chart), warning against buying at the peak. It’s safer to look for a long entry on a pullback to the $1.1200–$1.1600 support zone, with targets at the highs of $1.2296 and $1.3240.
📊 Setup:
Entry: $1.1200 – $1.1600
TP: $1.2290 / $1.3200
SL: $1.0700
Will it break above $1.23, or will RSI(6) > 81 send the price back down to $1.14?
#fil #Filecoin #TechnicalAnalysis #BinanceSquare
Filecoin surged to $1.1852 (+12.8%), breaking above the upper 4H Bollinger Band amid the growing market capitalization of the decentralized storage sector. However, the 4H RSI(6) reached an overheated 81 (76 on the 1D chart), warning against buying at the peak. It’s safer to look for a long entry on a pullback to the $1.1200–$1.1600 support zone, with targets at the highs of $1.2296 and $1.3240.
📊 Setup:
Entry: $1.1200 – $1.1600
TP: $1.2290 / $1.3200
SL: $1.0700
Will it break above $1.23, or will RSI(6) > 81 send the price back down to $1.14?
#fil #Filecoin #TechnicalAnalysis #BinanceSquare
