$FIL: Liquidation Squeeze: Bears Trapped Near Critical Resistance
LONG SETUP FIL
Entry: $1.0478 - $1.0507
Stop Loss: $1.0120
Take Profit: $1.1238 (2R)
Key Levels: Support $1.0353 | Resistance $1.0738
Technical Analysis for $FIL: Price sits just above the 9EMA and the orderbook shows a 20% bidside imbalance, both pointing up. Stochastic K (53) is above D (31), adding bullish bias. Hold above the 1.0478 support; next hurdle is the 1.0738 resistance. A break below 1.012 would invalidate the setup. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 82.6% red assets.
LONG $FIL
LONG SETUP FIL
Entry: $1.0478 - $1.0507
Stop Loss: $1.0120
Take Profit: $1.1238 (2R)
Key Levels: Support $1.0353 | Resistance $1.0738
Technical Analysis for $FIL: Price sits just above the 9EMA and the orderbook shows a 20% bidside imbalance, both pointing up. Stochastic K (53) is above D (31), adding bullish bias. Hold above the 1.0478 support; next hurdle is the 1.0738 resistance. A break below 1.012 would invalidate the setup. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 82.6% red assets.
LONG $FIL