🔥$FIL is consolidating right now with a bearish tilt, nothing explosive, just slow grinding lower.
I've been keeping an eye on this one, and the charts are telling a pretty clear story.
Volume-wise: We saw some big spikes on the way down (like that massive 1.193B volume candle pushing it to 3.974 – ouch), which screams selling pressure. Right now volume's calmed down to moderate levels, but there's zero strong buying stepping in to flip it.
Capital flows aren't helping either: - Contracts: Heavy outflows across timeframes, like -12.94M over the last 7D – leverage players are bailing. - Spot: Also negative, -7M over 7D – real money is quietly exiting.
My thought on $FIL : Cautious bearish for the short term. No panic selling yet, but the bias is down.
**Where I'd trade it:** - Short setup: If price pushes up to Resistance around 1.404 and rejects (weak bounce, fading volume), that's my entry. - Or wait for a clean break below 1.272 support with some volume kick – that could accelerate the drop. - Stop loss: Around 1.454 (gives ~5% buffer from 1.404 entry) - Target: First stop at Support 1.175 $FIL
{future}(FILUSDT)
FIL has been choppy lately, so size small and watch for any sudden reversal. Just my thoughts – always DYOR and manage risk! 📉🚀 #fil #FILUSDT #Filecoin
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