Recently, Filecoin (FIL) has experienced a price drop of half. Looking at the overall trend from 2023 to 2024, it is found that FIL shows some regularities and a more humane trend. Each wave of ups and downs is relatively similar, without drastic fluctuations.
Maybe some people don’t quite understand this, today Ahan wants to share some personal opinions. If you plan to invest in FIL for a long time, please pay attention to its weekly trend. As long as the trend remains unchanged, a 50% callback is normal. If you choose to invest in the medium term, you can focus on the daily trend, which is the main sharing today.
This is the doubling of Filecoin (FIL) that started in February 2024 and lasted for 46 days. Although it is difficult to catch the lowest price of $4.62, it is still possible to buy it at around $5.1 through technical analysis. Here are several important reasons:
Technical pattern: The Western technical system shows that the bottom range has formed an obvious triple bottom pattern, which is a strong reversal signal.
Reversal signal: Naked K technical analysis shows many reversal signals, such as piercing line and pregnancy line.
Oscillation range: The price remains in the oscillation range and does not reach a new low.
Downward trend: From a high of $8.2 to $4.614, it showed two obvious downward trends.
Breakthrough acceleration: Once the bottom range is broken, the market will quickly accelerate upward.
The above factors are common in FIL's daily level, showing its reversal and growth potential.
This halving may seem scary at first glance, but it is an opportunity if you are prepared in advance, as buying at low prices usually brings rich returns. However, seizing these daily level trading opportunities requires high technical requirements.
In addition to finding the right time to buy and sell through technical analysis, there is another core factor that hinders everyone from making a profit: the fantasy that Filecoin will rise to $50 or $100 at once. Such an idea can easily lead to being reluctant to sell when a reversal signal appears, and always wanting to make a little more money.
If you can look at the trend of FIL objectively and operate according to orderly rules, you can not only grasp profits but also effectively avoid risks.
