$FIL /USDT Update – Price Pullback After Surge

Price Action: $FIL/USDT is currently at $5.347 (+2.75%), following a slight pullback from the recent high of $5.571.

Current Strategy:

Buy the Dip: The current price is near key support levels around $5.34, with strong bullish momentum previously seen. A rebound from here could take us towards higher targets again.

Targets:

Immediate Resistance: $5.57

Further Target: $5.80

Stop Loss:

To mitigate risk, set a stop loss near $5.15, just below the recent low.

Technical Indicators:

The moving averages (MA7: $5.368, MA25: $5.399, MA99: $5.089) suggest a bullish structure with price currently trading above these moving averages.

Trade Management:

Monitor for a potential breakout above $5.57 to continue upwards momentum.

If price fails to hold above $5.30, it may retest lower levels around $5.15.

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