$FIL
/USDT – Short Setup (High Urgency)
The higher timeframe trend remains bearish on the daily chart, while the 4H is still ranging. On the 1H timeframe, price is pressing into a major resistance zone around 1.320. The 1H RSI is elevated at 63.35, signaling potential buyer exhaustion.
The key trigger to watch is a breakdown of RSI below 50 on the 15M chart, which would confirm a momentum shift to the downside. This presents a high-conviction short opportunity, aiming to capture a rejection from resistance and align with the broader daily downtrend.
Why now?
The relief bounce appears to be losing momentum precisely at a critical resistance area.
Actionable Short Setup
Entry: Market at 1.315804 – 1.324768
Targets:
TP1: 1.293393
TP2: 1.284428
TP3: 1.266499
Stop Loss: 1.347179
Trade with discipline, manage risk carefully, and let the higher-timeframe trend do the work.