🔵 Long-Term Trade Signal for $FIL/USDT (Filecoin)

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📉 Entry Point:

🟢 Buy Zone: $2.48 - $3.95

This range is identified as a strong accumulation zone, where entering the trade could be beneficial as the price is anticipated to rebound from this level.

📈 Take Profit Zones:

🛑 Primary Target (TP1): $8.00 (Intermediate Supply Zone)

🛑 Secondary Target (TP2): $13.50 - $17.00 (Supply Zone)

🛑 Final Target (TP3): $27.65 - $31.50 (External Supply Zone)

If the bullish momentum holds, there's potential for the price to reach these targets in the medium to long term.

🔻 Stop Loss:

⚠️ Set at $1.55 to mitigate risk if the price doesn't hold within the Buy Zone.

📊 Trend Analysis:

The overall trend suggests that the price is nearing a Liquidity Sweep Zone, potentially leading to a rebound. Watch for a rally towards the higher supply zones, with the descending trendline serving as a crucial resistance level to break for continued upward movement.

⏳ Trade Timeframe:

The weekly chart points to medium to long-term potential, with an upward movement likely extending into 2025.

⚖️ Risk/Reward Ratio:

Entering around $3 and targeting $8 or higher offers a favorable risk/reward ratio, particularly if the price heads toward the upper target zones.

💡 Disclaimer: Always Do Your Own Research (DYOR) and remember, this is Not Financial Advice (NFA).

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