🚨 $FIL REJECTS OVERHEAD SUPPLY AS RECOVERY MOMENTUM COLLAPSES TOWARD SUPPORT 📉
Entry: 1.1380 - 1.1450 ⚡
Target: 1.1232, 1.1100, 1.1000 🎯
Stop Loss: 1.1580 🛑
The impulse move toward 1.19 met aggressive institutional rejection, leaving an exhaustive wick and shifting internal order flow back to the downside. 🔍 Sellers are systematically defending the overhead supply zone as upside momentum completely dries up.
A sustained structural breakdown beneath 1.1350 exposes untraded liquidity pools down toward 1.1000, while 1.1580 marks the clear structural invalidation threshold for this distribution model. 🌊
🤔 Are you shorting this retest or waiting for 1.1350 to collapse first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #FIL #ShortSetup #PriceAction #CryptoTrading #Filecoin
🎯 🦈
Entry: 1.1380 - 1.1450 ⚡
Target: 1.1232, 1.1100, 1.1000 🎯
Stop Loss: 1.1580 🛑
The impulse move toward 1.19 met aggressive institutional rejection, leaving an exhaustive wick and shifting internal order flow back to the downside. 🔍 Sellers are systematically defending the overhead supply zone as upside momentum completely dries up.
A sustained structural breakdown beneath 1.1350 exposes untraded liquidity pools down toward 1.1000, while 1.1580 marks the clear structural invalidation threshold for this distribution model. 🌊
🤔 Are you shorting this retest or waiting for 1.1350 to collapse first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #FIL #ShortSetup #PriceAction #CryptoTrading #Filecoin
🎯 🦈