$FIL / USDT ā Trend & Structure Update š
$FIL remains in a prolonged downtrend on the Daily chart,
with price trading well below all major moving averages.
Chart Observations š
ā¢ Strong bearish structure since rejection from ~4.00
ā¢ Continuous lower highs & lower lows
ā¢ Price still below MA(7), MA(25) & MA(99)
ā¢ Recent bounce lacks volume ā weak recovery attempt
Key Levels to Watch š
ā¢ Immediate support: 1.22 ā 1.24
ā¢ Breakdown level: below 1.20 ā risk of continuation lower
ā¢ Resistance zone: 1.32 ā 1.35
ā¢ Major resistance: 1.50+
Scenario Outlook:
As long as $FIL stays below the 1.35ā1.50 zone,
the broader trend remains bearish.
Any upside move currently looks like a relief bounce,
not a confirmed trend reversal.
Best Approach:
ā¢ Avoid aggressive longs
ā¢ Wait for either a confirmed base or trend reclaim
ā¢ Short-term traders should keep tight risk control
ā ļø High-risk environment for counter-trend trades.
š Click below to check FIL
Do you see accumulation starting here, or more downside for $FIL? š