$FIL – Liquidity hunting strategy and rapid rebound ⚡
Seizing the sudden rebound
What happened on the Filecoin #fil coin) during the past hours is a classic technical lesson in trading that every beginner should understand!
🟢Entry zone: accumulation between 1.0500 and 1.0720 USDT.
🎯First target: 1.1040 USDT 🎯
🎯Second target: 1.1700 USDT 🎯
🎯Third target: 1.2100 USDT 🎯
⛔️Stop Loss: a 15-minute candle close below 1.0100 USDT 🛑.
Stop-loss trap (Stop Loss Hunt): the sharp and fast drop toward the 0.9858 low was not a true decline; rather, it was a hit on stop-loss orders with the goal of liquidating small-volume traders and accumulating liquidity from below.
Buy-side absorption (V-Shape Recovery): as soon as the low was reached, a massive green engulfing candle appeared with very high trading volume, reaching 4.17M FIL on the 15-minute timeframe, causing the price to jump immediately above 1.07 USDT. This indicates that institutional buy orders are ready at the lows
$ETC $DOT #ETC #dot
Seizing the sudden rebound
What happened on the Filecoin #fil coin) during the past hours is a classic technical lesson in trading that every beginner should understand!
🟢Entry zone: accumulation between 1.0500 and 1.0720 USDT.
🎯First target: 1.1040 USDT 🎯
🎯Second target: 1.1700 USDT 🎯
🎯Third target: 1.2100 USDT 🎯
⛔️Stop Loss: a 15-minute candle close below 1.0100 USDT 🛑.
Stop-loss trap (Stop Loss Hunt): the sharp and fast drop toward the 0.9858 low was not a true decline; rather, it was a hit on stop-loss orders with the goal of liquidating small-volume traders and accumulating liquidity from below.
Buy-side absorption (V-Shape Recovery): as soon as the low was reached, a massive green engulfing candle appeared with very high trading volume, reaching 4.17M FIL on the 15-minute timeframe, causing the price to jump immediately above 1.07 USDT. This indicates that institutional buy orders are ready at the lows
$ETC $DOT #ETC #dot