$FIL Trading Strategy Update
đ Key Insight:
A short liquidation of $10.432K occurred at $5.689, signaling increased buying pressure and a potential upward trend.
Bulls appear to be gaining strength, providing an opportunity for a bullish trade setup.
đ Next Move - Buy Zone, Target & Stop Loss
1ïžâŁ Buy Zone:
Enter between $5.670 - $5.700. This range is near the liquidation point and ideal for capturing the bullish momentum.
2ïžâŁ Target Levels:
Target 1: $5.800 (initial resistance)
Target 2: $5.950 (key resistance level)
Target 3 (Stretch Goal): $6.100
3ïžâŁ Stop Loss:
Set a stop loss at $5.600 to limit risk in case of an unexpected reversal.
đĄ Strategy Insights:
Volume Confirmation: Look for increased buying volume near $5.689 to validate the potential upward movement.
Risk Management: Use a balanced approach to position sizing and avoid over-leveraging.
Market Awareness: Monitor overall market trends and any Filecoin ($FIL ) news or updates for added confirmation.
đš Pro Tips for Success:
Wait for Stability: Confirm price support or an upward trend in the buy zone before entering.
Take Gradual Profits: Secure gains at $5.800 and $5.950 while leaving a portion for the stretch target of $6.100.
Set Alerts: Use alerts for $5.700 and $5.800 to stay updated on key price levels.
Stay disciplined, manage your risk, and trade with confidence. Consistency and a clear strategy are the keys to success!
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