Filecoin ($FIL) has recently demonstrated strong bullish momentum, reclaiming a crucial support level and signaling potential upside continuation. Traders and crypto enthusiasts are watching closely as the market structure forms higher highs and higher lows, a classic sign of a healthy uptrend.

Current Market Overview

After consolidating near key support, $FIL is attracting buyers. Green candle volumes are steadily increasing, reflecting growing confidence in the buying side. This is not a trade to chase; patience is key. Entering on dips near support can increase the probability of a successful trade.

Suggested Long Trade Setup

Traders looking to leverage the bullish momentum can consider the following setup:

Entry: Current price or a small pullback near support

Targets: $1.55 → $1.65 → $1.75+

Stop-Loss: Below $1.45

Why This Trade Setup Works

Trend Continuation: The market is forming higher highs and higher lows, indicating bullish structure.

Volume Support: Rising green candle volumes show strong buyer interest.

Risk Management: Avoid chasing; enter on dips and use a stop-loss to protect your position.

Conclusion

$FIL is showing strong signs for further upside potential. Traders should monitor support levels carefully, manage risk with a proper stop-loss, and allow momentum to carry positions to the next targets. With careful execution, $FIL can offer a promising opportunity in the current crypto market.