$FIL The "Death Cross" or a Bear Trap? | Strategy Inside.....
Market sentiment is hitting "Extreme Fear," and $FIL is feeling the heat. After a sharp flush to $0.945, we are seeing a weak consolidation. Is this the calm before another storm, or a massive accumulation zone?
The Setup:
Trend: Bearish (4H rejection at EMA resistance).
Key Resistance: $1.11 - $1.14.
Target Support: $1.00 (Psychological) ➡️ $0.94 (Local Bottom).
My Professional Play: I’m looking for a Short Entry if we see a fake-out rally into the $1.12 zone. If the volume doesn't follow the price, it’s a textbook rejection.
🎯 Target 1: $1.04
🎯 Target 2: $0.95
🛡️ Stop Loss: $1.18 (Daily close above kills the thesis).
What’s your move? Are you Shorting the weakness or Longing the $1.00 floor? Let me know in the comments! 💬👇
FILUSDT
Perp
0.991
-7.98%