Quiet volume on a 4.73% drop often hides true intent.
$FIL trades at $1.0209 today, backed by $12.65M in 24h volume. Hourly volume sits at just 0.42x the daily average, pointing to fading selling pressure rather than heavy distribution inside the 1.018 to 1.0993 range.
A bullish continuation scenario requires reclaiming the upper boundary near 1.0993 on rising volume. Conversely, a drop below the 1.018 low invalidates stabilization.
Will you wait for a confirmed volume breakout past the upper range boundary, or do you view a dip below the 1.018 low as a complete invalidation?
Tap $FIL for the live chart. #FIL #BinanceSquare
$FIL trades at $1.0209 today, backed by $12.65M in 24h volume. Hourly volume sits at just 0.42x the daily average, pointing to fading selling pressure rather than heavy distribution inside the 1.018 to 1.0993 range.
A bullish continuation scenario requires reclaiming the upper boundary near 1.0993 on rising volume. Conversely, a drop below the 1.018 low invalidates stabilization.
Will you wait for a confirmed volume breakout past the upper range boundary, or do you view a dip below the 1.018 low as a complete invalidation?
Tap $FIL for the live chart. #FIL #BinanceSquare