$FIL Trading Setup & Investment Strategy 🔥
Trading Pair: FIL/USDT
Filecoin has developed one of the most well-defined chart patterns. After a period of 152 days of downward consolidation beneath a significant support-resistance zone, the price made a strong upward movement, surpassing several key resistance levels simultaneously. The price is currently experiencing a slight pullback. If it reaches my second entry point, I plan to increase my position.
Entry Strategy:
Initiate a buy setup for Filecoin (spot trading recommended) with two entry points ranging from $4.60 to $5.42 (current price).
Risk Management:
Set an invalidation point with a daily close below $4.
Target Levels:
- Short-Term Targets: $5.80, $6.25, $6.75
- Mid-Term Targets: $7.50, $8.50, $10
- Long-Term Hold Target: $18
This strategy outlines a structured approach to investing in Filecoin, with clearly defined entry points, risk management protocols, and target levels aligned with both short-term and long-term objectives.
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