The $FIL /USDT weekly chart showcases a descending triangle pattern, often signaling a breakout. Currently trading around $5.60, the price has broken the triangle's descending resistance, indicating bullish momentum.
Key Levels:
Support: $4.80 and $3.80 (historical demand zones).
Resistance: $6.50 (immediate) and $10.00 (long-term target).
Trading Strategy:
Buy Zone: Enter near $5.60-$6.00 after confirmation of the breakout.
Stop-Loss: Below $4.80 to limit risk.
Take-Profit: Targets at $6.50, $10.00, $15.00, and $20.00.
Traders should monitor volume to confirm momentum, with a breakout signaling long-term upside potential.
