$FIL: Bearish Divergence Spotted on Downside Targets Ahead
SHORT SETUP FIL
Entry: $1.0805 - $1.0830
Stop Loss: $1.1250
Take Profit: $0.99521 (2R)
Key Levels: Support $1.0724 | Resistance $1.0884
Technical Analysis for $FIL: Price sits just below the 1H resistance at 1.0835 while the MACD histogram is negative and volume fell 24%. RSI is neutral and the ADX (13.9) shows a weak trend. These bearish cues favor a short toward the 2R target near 1.006. A break above 1.0884 invalidates the setup. SHORT bias targets continuation toward support, with resistance as the invalidation
Market Context: BTC is up 2.46% on the day and the broader market is broadly positive, but FIL's own momentum appears to be weakening.
SHORT $FIL
SHORT SETUP FIL
Entry: $1.0805 - $1.0830
Stop Loss: $1.1250
Take Profit: $0.99521 (2R)
Key Levels: Support $1.0724 | Resistance $1.0884
Technical Analysis for $FIL: Price sits just below the 1H resistance at 1.0835 while the MACD histogram is negative and volume fell 24%. RSI is neutral and the ADX (13.9) shows a weak trend. These bearish cues favor a short toward the 2R target near 1.006. A break above 1.0884 invalidates the setup. SHORT bias targets continuation toward support, with resistance as the invalidation
Market Context: BTC is up 2.46% on the day and the broader market is broadly positive, but FIL's own momentum appears to be weakening.
SHORT $FIL