FIL just ripped 22.6% with 2.74x normal volume and the RSI is already at 78.4 on the 4H. This is not your average pump — something is driving serious accumulation. 🚀
Price broke above $1.00 for the first time in a while, sitting at $1.003. Both 4H and daily MACD are expanding bullish. The daily RSI at 74 confirms strong momentum but we are entering overbought territory. Volume surge is real — $62.7M traded.
🎯 Why Long (with caution)?
Volume-backed breakouts above round numbers tend to follow through. Price is above all key moving averages — SMA7, SMA25, and SMA99 on the daily. Long/short ratio at 1.70 shows strong conviction from the long side.
📋 Trade Plan (LONG):
• Entry: $0.982 - $1.025
• SL: $0.916 (below the breakout zone)
• TP1: $1.043 | TP2: $1.084 | TP3: $1.124
⚠️ Overbought RSI means pullbacks are likely — wait for a retest of $0.98 for better entry.
Is FIL the next mid-cap to 5x or is this a liquidity grab? Thoughts? 💭
#FIL #Filecoin #DYOR
⚠️ Not financial advice. Do your own research. Never risk more than you can afford to lose.
Price broke above $1.00 for the first time in a while, sitting at $1.003. Both 4H and daily MACD are expanding bullish. The daily RSI at 74 confirms strong momentum but we are entering overbought territory. Volume surge is real — $62.7M traded.
🎯 Why Long (with caution)?
Volume-backed breakouts above round numbers tend to follow through. Price is above all key moving averages — SMA7, SMA25, and SMA99 on the daily. Long/short ratio at 1.70 shows strong conviction from the long side.
📋 Trade Plan (LONG):
• Entry: $0.982 - $1.025
• SL: $0.916 (below the breakout zone)
• TP1: $1.043 | TP2: $1.084 | TP3: $1.124
⚠️ Overbought RSI means pullbacks are likely — wait for a retest of $0.98 for better entry.
Is FIL the next mid-cap to 5x or is this a liquidity grab? Thoughts? 💭
#FIL #Filecoin #DYOR
⚠️ Not financial advice. Do your own research. Never risk more than you can afford to lose.