๐ #FIL/USDT Trade Setup ๐ $FIL
๐ Uptrend intact! Post-bullish breakout from Channel Down pattern, the price has conquered the $8.00 resistance, previously rejected in Dec 2023. Currently retesting the breakout, success could propel it to revisit $9.50, marking an impressive +18% upside potential.
๐ Trend: Uptrend (Short-Term, Medium-Term, Long-Term)
๐ Momentum: Bullish but showing signs of inflection. MACD Line is above MACD Signal Line, and RSI is above 55. Watch for potential weakening momentum with declining MACD Histogram bars.
๐ Support and Resistance: Nearest Support Zone - $6.40 to $6.50 (previous resistance), then $5.00. The nearest Resistance Zone - $8.00 (broken), $9.50.
๐จ Set alerts & manage risk!
๐ฏ Buy Signal: Retesting successful breakout
๐ฏ Sell Targets: $9.50 (Potential revisit), $11.00
๐ Stop Loss: $6.90
Stay vigilant! ๐ #TradingSetup #Filecoin #FIL #Write2Earn
