$FIL
$FIL 2h Update: - I'm expecting price to be choppy in this range for a bit, but if 0.702–0.707 holds and buyers step in with clear bullish candles or lower timeframe breakouts, a rise towards 0.724 and then 0.740 is likely.
- However, if support at 0.702 fails and price closes below the most recent swing low at 0.687, expect a further drop towards 0.670, and my bias would shift bearish.
- For a long, I would wait for a clear bullish reversal between 0.707–0.702, enter on confirmation, and look to take profit at 0.724 and 0.740, possibly stretching to 0.758 if momentum is strong.
- Always wait for confirmation: pin bars, bullish engulfing patterns, or strong bounce on a lower timeframe at support. For shorts, look for rejection wicks or bearish engulfing patterns at resistance zones.
- If price manipulates below 0.687 and quickly reclaims that level with a strong reversal, this could provide an even higher probability long entry.
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#FIL
$FIL 2h Update: - I'm expecting price to be choppy in this range for a bit, but if 0.702–0.707 holds and buyers step in with clear bullish candles or lower timeframe breakouts, a rise towards 0.724 and then 0.740 is likely.
- However, if support at 0.702 fails and price closes below the most recent swing low at 0.687, expect a further drop towards 0.670, and my bias would shift bearish.
- For a long, I would wait for a clear bullish reversal between 0.707–0.702, enter on confirmation, and look to take profit at 0.724 and 0.740, possibly stretching to 0.758 if momentum is strong.
- Always wait for confirmation: pin bars, bullish engulfing patterns, or strong bounce on a lower timeframe at support. For shorts, look for rejection wicks or bearish engulfing patterns at resistance zones.
- If price manipulates below 0.687 and quickly reclaims that level with a strong reversal, this could provide an even higher probability long entry.
📊 Want a deeper view of this coin?
Run a full analysis with Finora AI for free → tinyurl.com/FinoraBot
#FIL