$FIL 12H Market Outlook | Liquidity Sweep in Play
Filecoin is showing strong signs of a potential liquidity sweep completion below the recent swing low, with early indicators suggesting a possible bullish reversal forming.
As long as the 0.715–0.670 support zone holds, the market structure favors a corrective upside move, targeting liquidity above at 0.825, followed by 0.911.
A confirmed bullish trigger would be a break and hold above 0.775, ideally supported by a bullish engulfing candle on the 12H timeframe or a clear structural shift on the 1H–4H charts. This would validate long opportunities toward the projected targets.
However, a decisive close below 0.670 with strong bearish momentum would invalidate the bullish scenario and open the door for deeper downside expansion toward 0.600 or lower.
Overall, the short-term bias remains cautiously bullish, with expectations of an inefficiency fill toward higher levels but confirmation is essential before any entry. Patience and precision remain key.$FIL
#FIL #Filecoin #CryptoAnalysis #TradingSetup #JPMorganBofACitiPlanTokenizedDepositNetwork
Filecoin is showing strong signs of a potential liquidity sweep completion below the recent swing low, with early indicators suggesting a possible bullish reversal forming.
As long as the 0.715–0.670 support zone holds, the market structure favors a corrective upside move, targeting liquidity above at 0.825, followed by 0.911.
A confirmed bullish trigger would be a break and hold above 0.775, ideally supported by a bullish engulfing candle on the 12H timeframe or a clear structural shift on the 1H–4H charts. This would validate long opportunities toward the projected targets.
However, a decisive close below 0.670 with strong bearish momentum would invalidate the bullish scenario and open the door for deeper downside expansion toward 0.600 or lower.
Overall, the short-term bias remains cautiously bullish, with expectations of an inefficiency fill toward higher levels but confirmation is essential before any entry. Patience and precision remain key.$FIL
#FIL #Filecoin #CryptoAnalysis #TradingSetup #JPMorganBofACitiPlanTokenizedDepositNetwork