The breakthrough of FIL at 7.50 USD is imminent, let's embrace this wave of upward opportunity!
1. Market Analysis
Current price of FIL: 7.464 USD, intraday high 7.650 USD, low 6.685 USD. FIL is currently stable around 7.40 USD, gradually approaching the important resistance level of 7.50 USD. If it breaks through this level, FIL is expected to rise further, with a target visible at 7.80 USD, and even challenge the 8.00 USD mark.
2. Technical Analysis
Support Levels:
7.20 USD (First Support): If the price retraces to this level, strong support is expected, with a high possibility of a rebound.
7.00 USD (Second Support): If it breaks below 7.20 USD, 7.00 USD will become the next key support level, and a rebound opportunity still exists.
6.80 USD (Third Support): If the price further declines to this support level, a strong rebound may occur, potentially bottoming out in the short term.
Resistance Levels:
7.50 USD (First Resistance): After breaking through this level, FIL is expected to continue rising, with a target heading towards 7.80 USD.
7.80 USD (Second Resistance): If it continues to rise after breaking through 7.50 USD, 7.80 USD will be the next key resistance level.
8.00 USD (Third Resistance): After breaking through 7.80 USD, the next target will be 8.00 USD, which is expected to become a strong resistance level.
3. Short-Term Contract Strategy
Long Strategy:
Initial Entry: 7.45 USD (close to current price)
Add Position Levels: 7.20 USD (First Support), 7.00 USD (Second Support)
Stop Loss Level: 6.80 USD
Take Profit Levels: 7.60 USD (First Target), 7.80 USD (Second Target)
Short Strategy:
Initial Entry: 7.80 USD (Second Resistance)
Add Position Level: 8.00 USD (Third Resistance)
Stop Loss Level: 8.20 USD
Take Profit Levels: 7.50 USD (First Target), 7.20 USD (Second Target)
If FIL breaks through 7.50 USD, it may rise to 7.80 USD in the short term, or even exceed 8.00 USD! If the price breaks below the 7.20 USD support, bears may dominate, and the price may test the 7.00 USD support level.
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