$FIL : Bullish Momentum, Resistance Begins to Be Tested

FIL is hovering around 1.237. The 1.24–1.25 area is the nearest resistance, while 1.21–1.22 is a demand zone that needs to hold.

If the price breaks above 1.25 and manages to hold, a move to test 1.26 becomes possible. However, if the 1.21 area breaks to the downside, the short-term bullish structure will weaken and the risk of a correction will increase.

Don’t focus only on the upside. Wait for a confirmed breakout and make sure support holds before making a decision.