🔸$FIL is currently being pressured by short sellers, with the price sliding to $1.29 in a downtrend channel. The scariest part is the explosion of Volume 7.59 million tokens right at the resistance of $1.33. This is a clear sign that big players are distributing their holdings, and anyone who FOMO's at this point is likely to buy at the peak.
🔸 However, right at the final support of $1.28, a spectacular V-shaped recovery has appeared. This proves that institutional money is placing orders to catch here. This trade's Risk/Reward is leaning towards the Long side with a short target of $1.31, but remember to set a strict Stoploss below $1.28; breaking this level could lead to $1.26 to test a new bottom!
This bet is high risk, are you guys daring to play? Follow up for more updates!
This article is for reference only; it is not investment advice. Please read carefully and consider thoroughly before making a decision.