December 4, 2024 Filecoin (FIL) Trading Strategy

1. Market Analysis

As of now, the price of Filecoin (FIL) is $8.03, with a daily high of $8.03 and a low of $6.81. Recently, FIL has shown an upward trend, and market attention has increased.

2. Technical Analysis

• Support Levels:

• First Support Level: $7.50

• Second Support Level: $7.00

• Third Support Level: $6.50

• Resistance Levels:

• First Resistance Level: $8.50

• Second Resistance Level: $9.00

• Third Resistance Level: $9.50

The technical analysis shows that FIL has strong support around $7.50. If it breaks through the resistance level of $8.50, it may rise further.

3. Short-term Contract Strategy

• Long Strategy:

• Entry Point: $7.80

• Stop Loss: $7.50

• Take Profit: $8.50

• Short Strategy:

• Entry Point: $8.50

• Stop Loss: $8.80

• Take Profit: $7.80

Investors are advised to strictly set stop losses and take profits based on market trends to avoid chasing highs or bottom-fishing.

If FIL breaks through $8.50, it may test $9.00 or higher in the short term; if it falls below $7.50, it may retrace to $7.00 or $6.50.

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