Filecoin (FIL) is a decentralized system for data exchange and cloud storage. FIL is the network’s native cryptocurrency, acting as a payment instrument connecting buyers and sellers.
The point of the Filecoin peer-to-peer network is the ability to distribute files on the Internet and receive rewards for providing free space on your hard drive. No one centrally controls the storage and pricing processes.
According to the metric, you can see that the volume of client data stored in the Filecoin network is confidently breaking records even despite the bearish market.
🛠️ What about technical analysis:
Globally, a Triple Bottom pattern has been formed on the coin with liquidity gathering under the strongest support level of $3. Also, the coin is trading above long-term moving averages on growing volumes and a bullish Golden Cross pattern has already been formed.
🔬 Locally, the price has broken through the Bullish Flag pattern upward. Indicators on higher timeframes have cooled down a little, and on the daily basis they are completely unloaded. Now it is important for the price to break through the key level of $5 to start a good growth.
Buying Filecoin
Ticker: $FIL/USDT
✳️ Entry price: $4.6
🛡 Stop loss: I recommend taking a trade for investment without a stop.
💼 Volume per transaction: up to 1% of the crypto portfolio.
🎯 Goals: $9.6; $26; $215.
📈 Rocket growth potential: up to 4650% by the end of 2025.
My trading strategy involves an investment approach, so I prefer to accumulate good assets when they are trading at historical lows.
And then gradually fix it into a plus.
In this blog, I share my personal experience and how I control risks in client accounts. I talk about how not to fall into the trap of emotions and how to create a long-term strategy for increasing capital on this channel.
There are a bunch of promising ideas ahead, subscribe 🚀
