🎯 Asset: Filecoin (FIL)
📊 Timeframes: 1H and 4H
🎢 Trade: Long with risk/profit 1:7!
Why FIL?
FIL literally shouts: “Time to go Long, my friend!” Here’s what we see:
1️⃣ RSI in the oversold zone: Buyers are already warming up, preparing to hit the stage.
2️⃣ MACD has crossed — it’s like seeing a green light on the crypto highway.
3️⃣ The extreme on the chart is such that any analyst would say: “This is just a masterpiece for entry.”
4️⃣ Fibonacci? Well, this is a fairy tale. If the stars align just right, we’re rolling along Fibo to the 4.236 level, and then it’s “hold me back, seven!”
Stop-loss: Short, like a morning nap. We’ll lose a little if anything goes wrong, but the target… Our target is x7, baby!
Why now?
If you miss out on such a trade, you can only bite your elbows later. FIL looks like a champion ready to break through. Even the market is whispering: “Don’t delay, jump in!”
In conclusion:
❗️ Risk management above all. Always invest only the amount you are willing to lose.
⚠️ And remember: this is just my analytical opinion, not a financial recommendation. All decisions are at your own risk!
Good luck and green candles! 🚀