$FIL Coin Analysis with a Proposed Trade:

FIL

3.757

+3.07%

▫️Technical Analysis:

• Accumulation Zone: The coin is currently trading within an accumulation zone between 3USDT

• Resistance and Support Levels: Key support is at 2.419 USDT, with major resistance at 6.633 and 11.817 USDT.

• Inflation: The coin is experiencing significant inflation, suggesting potential selling pressure and high price volatility.

▫️Proposed Trade:

• Entry: Buy at 3≈ USDT (current support zone).

• Targets:

• First Target: 6.633 USDT (near resistance).

• Second Target: 11.817 USDT (major resistance).

• Stop Loss: Set at 2.000 USDT to avoid a strong break below support.

▫️Strategy:

Enter at the current support level to capitalize on a potential rebound towards resistance levels. Continuous market monitoring is crucial due to the high inflation in the coin, which could lead to sudden price fluctuations.

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