🚨 Rising Wedge Alert on FILUSDT! 🚨
Filcoin (FILUSDT) is showing a classic rising wedge pattern on the 3-hour timeframe. The price is printing higher highs and higher lows, signaling consolidation, but this pattern is known to often precede a significant downtrend.
Right now, the price is hovering dangerously close to the support line, but it hasn’t touched it yet. The consolidation phase suggests the market is coiling up for a potential big move.
📉 Bearish Scenario:
If the price breaks below the wedge’s support line, expect a sharp sell off. This type of setup typically leads to strong downward momentum, and FIL could dump hard once the support gives way.
📊 FILUSDT: Overbought Conditions on RSI Signal Potential Downtrend!
RSI Divergence on FILUSDT a clear warning sign for what might come next. The RSI (Relative Strength Index) currently sits at 79, which places it in the overbought zone (anything above 70 is a red flag). Historically, assets in this territory often face strong downward corrections.
Adding more weight to this bearish setup is another RSI reading at 63, further highlighting the divergence. The momentum is weakening despite the price continuing to push higher a sign of an upcoming trend reversal.
📉 FILUSDT Analysis: Liquidity Magnet at $5.39!
FILUSDT is showing a clear cluster of liquidity around the $5.39 zone, and we all know what that means. Liquidity acts like a magnet, pulling the price toward it as the market seeks out those high-interest zones.
🔥 Why This Matters:
When liquidity pools form, especially at lower levels, it often signals where the big players (market makers) might push the price next. This cluster at $5.39 lines up perfectly with the broader bearish narrative already supported by the rising wedge pattern and overbought RSI conditions.
Signal Type : Short
Entry: 5.716 or market price
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1st Tp: 5.551
2nd Tp: 5.386
3rd Tp : 5.186
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