$FIL This shows significant selling pressure, possibly leading to lower prices if bearish momentum continues. However, such liquidations can also provide opportunities for accumulation.

Key Levels to Watch:

1. Buy Zone:

$4.85 to $5.10

This range is a potential support zone where buyers may step in. Ensure confirmation (e.g., volume spike or bullish candles) before entering.

2. Target Levels:

Target 1: $5.35 (Short-term resistance)

Target 2: $5.60 (Mid-term)

Target 3: $6.00 (Major resistance level and psychological barrier)

3. Stop-Loss:

Below $4.75

Keep this as a strict stop-loss to protect capital in case the downtrend continues.

Strategy Tips:

1. Monitor Volume:

A rise in trading volume at the buy zone indicates strong buying interest.

2. Wait for Confirmation:

Look for bullish signals (e.g., green candles, RSI above 40) before entering.

3. Risk Management:

Use no more than 2-3% of your capital for this trade to minimize risk.

Market Sentiment:

If the broader crypto market stays bearish, FIL could break below $5. Keep an eye on Bitcoin's price as it influences altcoins like FIL.

Positive news or increased adoption could push prices higher.

Would you like a technical chart or additional details about market indicators.

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