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$FIL Current Trend: Consolidation with Bearish Bias
📝 Technical Indicators Overview:
1. Volume Analysis: Recent klines show elevated volume during declines (115M volume on a red candle), indicating capitulation selling. However, the latest candles show reduced volume, suggesting selling pressure may be easing.
2. Capital Flow Data: Perpetual Funds Flow: Consistent outflows across all timeframes indicate sustained bearish sentiment and leverage unwinding. Spot Funds Flow: Mixed but generally negative over medium-term periods, though 24h saw a slight inflow, hinting at potential accumulation near lows.
⚡⚡Trading Decision:
$FIL Direction: Cautious Short
📍Entry Timing: Ideal short entry near resistance: 1.480–1.520 Alternatively, wait for a break below 1.350 (recent low) with volume confirmation for renewed selling momentum.
🗑️ Stop-Loss: For shorts: 1.535 if entered at 1.480