💰#FIL UPDATE 🚀
FIL is trading around 0.723 inside a descending channel that has been in place since the 1.300 highs in late April, with price now sitting near the 0.723 horizontal support zone that has held as the last major floor. The upper channel resistance continues to descend near 0.760, keeping every recovery attempt capped while the lower channel support near 0.680 is the key level to watch below.
A reclaim of the upper channel resistance near 0.760 would open the door toward the 0.820–0.860 range. Losing 0.705 on a 6H close risks a retest of the lower channel near 0.680. Reclaiming 0.790 and breaking above the descending channel would be the first real confirmation that the structure is shifting.
#FIL #Erinacrypto $FIL
FIL is trading around 0.723 inside a descending channel that has been in place since the 1.300 highs in late April, with price now sitting near the 0.723 horizontal support zone that has held as the last major floor. The upper channel resistance continues to descend near 0.760, keeping every recovery attempt capped while the lower channel support near 0.680 is the key level to watch below.
A reclaim of the upper channel resistance near 0.760 would open the door toward the 0.820–0.860 range. Losing 0.705 on a 6H close risks a retest of the lower channel near 0.680. Reclaiming 0.790 and breaking above the descending channel would be the first real confirmation that the structure is shifting.
#FIL #Erinacrypto $FIL