FIL is at its last major support: the 4-hour EMA200 at 0.720.
Our Coinalysis engine flags a bearish confluence. Supertrend and MACD both point down. The only bounce argument? A completely washed-out StochRSI at 9.
With the market Fear & Greed index at 65, this looks like distribution, not a floor. Any pop gets sold into at the EMA20 (0.741). A breakdown feels programmed.
Bear trap or exit liquidity?
$FIL
Follow for the next read — posted the moment the tape moves.
Our Coinalysis engine flags a bearish confluence. Supertrend and MACD both point down. The only bounce argument? A completely washed-out StochRSI at 9.
With the market Fear & Greed index at 65, this looks like distribution, not a floor. Any pop gets sold into at the EMA20 (0.741). A breakdown feels programmed.
Bear trap or exit liquidity?
$FIL
Follow for the next read — posted the moment the tape moves.
