šØĀ Rising Wedge Alert on FILUSDT!Ā šØ
Filcoin (FILUSDT) is showing a classicĀ rising wedge patternĀ on the 3-hour timeframe. The price is printingĀ higher highsĀ andĀ higher lows, signaling consolidation, but this pattern is known to often precede a significantĀ downtrend.
Right now, the price is hovering dangerously close to theĀ support line, but it hasnāt touched it yet. The consolidation phase suggests the market is coiling up for a potentialĀ big move.
šĀ Bearish Scenario:
If the price breaks below the wedgeās support line, expect a sharpĀ sell off. This type of setup typically leads to strong downward momentum, and FIL couldĀ dump hardĀ once the support gives way.
šĀ FILUSDT: Overbought Conditions on RSI Signal Potential Downtrend!
Ā RSI DivergenceĀ on FILUSDT a clear warning sign for what might come next. The RSI (Relative Strength Index) currently sits atĀ 79, which places it in theĀ overbought zoneĀ (anything above 70 is a red flag). Historically, assets in this territory often face strongĀ downward corrections.
Adding more weight to this bearish setup is another RSI reading atĀ 63, further highlighting the divergence. The momentum is weakening despite the price continuing to push higher a sign of an upcomingĀ trend reversal.
šĀ FILUSDT Analysis: Liquidity Magnet at $5.39!
FILUSDT is showing a clear cluster of liquidity around theĀ $5.39 zone, and we all know what that means. Liquidity acts like a magnet, pulling the price toward it as the market seeks out those high-interest zones.
š„Ā Why This Matters:
When liquidity pools form, especially at lower levels, it often signals where theĀ big playersĀ (market makers) might push the price next. This cluster at $5.39 lines up perfectly with the broaderĀ bearish narrativeĀ already supported by theĀ rising wedge patternĀ andĀ overbought RSI conditions.
Signal Type : Short
Entry: 5.716 or market price
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1st Tp: 5.551
2nd Tp: 5.386
3rd Tp : 5.186
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