$FIL is up 6.76% near $1.1681, with $16.84M in displayed volume.
The move puts Filecoin on my watchlist, but the key question is whether buyers can defend the breakout area. A strong percentage gain matters less if price quickly returns to its previous range.
Entry zone: $1.16โ$1.17 Confirmation: Break above $1.18 with rising volume SL: $1.13 TP1: $1.19 | TP2: $1.22 | TP3: $1.25
My approach: I would wait for a confirmed breakout or a controlled retest. If momentum fades, protecting capital comes before forcing an entry.
The move puts Filecoin on my watchlist, but the key question is whether buyers can defend the breakout area. A strong percentage gain matters less if price quickly returns to its previous range.
Entry zone: $1.16โ$1.17 Confirmation: Break above $1.18 with rising volume SL: $1.13 TP1: $1.19 | TP2: $1.22 | TP3: $1.25
My approach: I would wait for a confirmed breakout or a controlled retest. If momentum fades, protecting capital comes before forcing an entry.