🚨 $FIL : Rejection at EMA Resistance - Short Setup for a Deep Correction!⚡️

Plan trade: Short 🔴

Entry zone: 1.27 - 1.29

Take profit:

🎯 TP1: 1.22

🎯 TP2: 1.16

🎯 TP3: 1.09

Stop loss: 1.32

🔥 Technical Analysis:

On the Daily and H4 timeframes, $FIL is facing significant selling pressure as it approaches the EMA(50) resistance and the upper Bollinger Band. Multiple upper wicks at the $1.29 level confirm that bears are actively defending this zone. The H1 RSI has reached overbought territory and is beginning to flatten, signaling exhausted bullish momentum and an impending correction toward lower support levels.

FILUSDT

Perp

1.277

-1.69%