FIL up 23.4% today and volume just went berserk — $58.6M traded, nearly 3x the average.
When volume spikes like this on Filecoin, it usually means institutions are repositioning, not just retail chasing green candles. The 4H RSI at 79.4 is overbought, but the daily RSI at 74.4 still has some runway before it hits the danger zone.
Why This Trade?
📈 Price ($1.012) is above SMA7 4H ($0.955) and SMA25 4H ($0.842) — strong uptrend structure
📈 Daily MACD histogram expanding at +0.0098 — momentum accelerating
📈 Long/Short ratio at 1.62 — heavily long, which tells me smart money is committed to upside
📈 Volume at 2.98x normal — this isnt random noise, this is real capital flowing in
Trade Plan (LONG):
🎯 Entry: $0.9897 — $1.0335
🛑 Stop Loss: $0.9241 (6.5% below entry low)
✅ TP1: $1.0521 | TP2: $1.0925 | TP3: $1.1330
Risk/Reward: 0.5 — tight because were buying strength. Key: dont go full size. Scale in on dips within the entry zone.
⚠️ Heads up: RSI 79 on 4H means short-term pullbacks are likely. The play is buying those dips, not chasing the spike. When RSI resets to 60-65 on 4H, thats your golden entry.
FIL to $1.10 or RSI rollover back to $0.95? Whats your take? 👇
📊 DYOR — Not financial advice.
#FIL #Filecoin #DYOR