Is there still hope for FIL?

By analyzing the weekly line of FIL, we can find several points:

1. At present, the entire bottom of FIL is moving in a large pattern that tends to be a triple bottom. 2. There are two waves of rises in the entire shock zone. The bullish volume of the second wave is greater than the bullish volume of the first wave, which shows that the power of the bulls is getting stronger. 3. In the second wave of decline, the overall short volume is also enlarged compared with the short volume of the first wave of decline, which shows that the power of the bears is also getting stronger. 4. Although there is no stop-loss signal in the second wave of decline, the short volume is shrinking, and there is a support level below. 5. The high point of the entire bottom is gradually rising.

Whether it is short-term or medium-term, you must know how to stop when you see a good opportunity. FIL is different from other coins. The locked-in disk above is too heavy. As long as it rises, someone will leave the market. Long-term trading of FIL is not recommended. This coin has been mentioned in previous articles. I personally am not optimistic about FIL. Anyone who has bought a mining machine knows the reason. I will not say more here.

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