🐻 $FIL / USDT: Momentum Rejection & Short Setup 📉

Filecoin (FIL) is facing heavy resistance as the broader market experiences holiday-induced weakness. While we saw a brief intraday attempt to bounce, the price is currently rejecting the 1H EMA50, suggesting that the dominant bearish trend is ready to resume.

⚡ Actionable Trade Setup (SHORT)

* Direction: Short 🔴

* Entry Zone: $1.2609 – $1.2672 🎯

* Stop Loss: $1.2827 🛡️ (Above the 1H rejection zone)

💰 Take Profit Targets

* TP1: $1.2454 (Local support) 📉

* TP2: $1.2391 (Previous consolidation floor) 📉

* TP3: $1.2267 (Major liquidity sweep) 🚀

🔍 The Strategy:

* Momentum Trigger: We are looking for the 15-minute RSI to stay below 50 to confirm that the "dead cat bounce" has exhausted itself.

* The Bias: With the price trading below key moving averages and the 24h volume showing aggressive sell-side pressure, this is a high-probability continuation play.

* Key Risk: Dec 25 liquidity is thin; watch out for "wicky" price action near the entry zone before the breakdown accelerates.

Trade with discipline and manage your leverage! 📊

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