#$FIL — Is $1.50 Coming? 👀

FIL is currently testing a major resistance zone around $1.04–$1.08 on the 8H chart.

What I’m watching:

• FIL has been respecting an ascending support structure

• Multiple reactions from the rising trendline show buyers are still defending it

• Price is now back at the same resistance area

• A clean breakout followed by a strong hold could open the way toward the $1.50 area

But there’s one important condition:

I want to see FIL break the resistance and hold above it, not just wick through it.

If that happens, the structure becomes much more interesting.

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