I’m seeing $FIL
coiled tight on the 15-minute chart, and a range breakout looks imminent 🚀. The price is compressing below resistance, and the structure is screaming bullish continuation. Sellers are exhausted, and demand is holding strong above 1.336.
Trade Setup for $FIL:
Entry Zone: 1.345 – 1.350
I’m planning to enter gradually in this range as pullbacks here are instant buying opportunities if support holds.
Target Points:
TP1: 1.353 (watch for clean break confirmation)
TP2: 1.360
TP3: 1.365
Stop Loss: 1.336
I’m placing the stop just below the demand zone to manage risk in case the breakout fails.
Why This Setup Works:
I’m confident in this setup because $FIL is showing tight compression under resistance on the 15-minute chart, signaling an explosive move once the breakout happens. Demand is strong, sellers are fading, and a clean close above 1.353 confirms the continuation. Entering in the entry range gives a favorable risk-to-reward ratio while catching the short-term momentum early.
I’m personally watching $FIL closely and will accumulate in the entry zone while managing risk properly, aiming to ride the breakout for quick targets.
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