$FIL BULLS ARE LOSING CONTROL — REVERSAL LOADING?
$FIL just made a massive move from around $0.80 to above $1.03, but the momentum is starting to cool. On the 15M chart, price is struggling to push through the $1.03–$1.035 resistance while printing weaker candles around $1.00.
I’m watching for a liquidity sweep/rejection around $1.03–$1.035 followed by bearish CHOCH/MSS. If that confirmation comes, I’ll be looking for a short toward $0.98 first, then $0.94.
⚠️ No blind short here. Confirmation first. If $FIL breaks and holds above $1.035, the bearish idea is invalidated and another leg higher could follow.
My bias: Bearish below $1.035, but waiting for confirmation.
$FIL #FIL
$FIL just made a massive move from around $0.80 to above $1.03, but the momentum is starting to cool. On the 15M chart, price is struggling to push through the $1.03–$1.035 resistance while printing weaker candles around $1.00.
I’m watching for a liquidity sweep/rejection around $1.03–$1.035 followed by bearish CHOCH/MSS. If that confirmation comes, I’ll be looking for a short toward $0.98 first, then $0.94.
⚠️ No blind short here. Confirmation first. If $FIL breaks and holds above $1.035, the bearish idea is invalidated and another leg higher could follow.
My bias: Bearish below $1.035, but waiting for confirmation.
$FIL #FIL
