$FIL — Short Setup Active 🔻
$FIL has been pushing up since Dec 19, up roughly 36%, but the move is losing steam now. On the 15-minute chart, I’m seeing a clean triple top, with the last peak forming around 10 AM today. Since then, price has started to roll over — a clear sign buyers are getting exhausted.
Zooming out, the daily chart is still in a clear downtrend. This recent pump looks more like a corrective bounce into resistance, not a trend reversal. That’s why I’m looking short here.
📉 Trade Plan (Short)
Entry Zone:
• 4.95 – 5.10
Targets:
• TP1: 4.70
• TP2: 4.45
• TP3: 4.10
Stop Loss:
• 5.28
✅ Why this setup works
I’m shorting into trend resistance, not chasing weakness. The triple top on lower timeframe shows repeated rejection, while the daily downtrend keeps the higher-timeframe bias bearish. Momentum has already shifted — buyers pushed price up three times and failed every time. That’s usually where sellers step in.
I’m keeping risk tight, letting structure do the work. If price breaks above the stop, I’m out — no emotions.
Trade clean. Stay disciplined.
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