FIL just ripped +15.8% on 3x normal volume. Something is happening with Filecoin. 🔥
Price at $0.997 — knocking on the $1 door. RSI at 77.2 on 4H (overbought), but in strong momentum moves, overbought can stay overbought for days. Volume at $63.4M with 2.99x ratio tells you this is real buying pressure, not a wick.
Daily RSI at 73.7 and MACD still expanding. The trend structure is intact.
📊 Trade Plan (LONG):
Entry: $0.9748 - $1.0200
SL: $0.9071 (below SMA25, ~6.8% risk)
TP1: $1.037
TP2: $1.077
TP3: $1.117
⚠️ Overbought conditions = tighten your stops and size down.
Real breakout or bull trap at resistance? What do you think? 👇
#FIL #Filecoin #DYOR
⚠️ This is analysis, not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.
Price at $0.997 — knocking on the $1 door. RSI at 77.2 on 4H (overbought), but in strong momentum moves, overbought can stay overbought for days. Volume at $63.4M with 2.99x ratio tells you this is real buying pressure, not a wick.
Daily RSI at 73.7 and MACD still expanding. The trend structure is intact.
📊 Trade Plan (LONG):
Entry: $0.9748 - $1.0200
SL: $0.9071 (below SMA25, ~6.8% risk)
TP1: $1.037
TP2: $1.077
TP3: $1.117
⚠️ Overbought conditions = tighten your stops and size down.
Real breakout or bull trap at resistance? What do you think? 👇
#FIL #Filecoin #DYOR
⚠️ This is analysis, not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.