FIL/USDT Technical Analysis (Today):
#FIL/USDT Market Structure: FIL has recently bounced from its "All-Time Low" ($0.81) and is now attempting a Bullish Reversal. The short-term trend is shifting from "Neutral to Bullish".
Price Action: The price is currently trading around $0.97. It is sustaining above the strong support zone of $0.94 - $0.95.
Indicators: The RSI (Relative Strength Index) has come out of the oversold territory, indicating an increase in momentum. The price is attempting to break above the 20-Day EMA.
✅ Spot Swing Trade (BUY Setup)
📍 Entry Point (Buy):
Best Entry Zone: $0.950 – $0.970
Aggressive Entry: Buy a little at the Current Price ($0.971).
Limit Order: $0.945 (If a slight dip occurs).
📉 Stop-Loss (SL):
Place SL at: $0.910
(This is below the low of Feb 12. If the price goes below this, the structure will turn bearish again).
🎯 Take Profit Targets (TP):
TargetPriceExpected GainTP1 (Immediate)$1.03~6%TP2 (Resistance)$1.15~18%TP3 (Swing High)$1.40~44%
Export to Sheets
📊 Risk to Reward:
Risk: ~6%
Reward Potential: 18% – 44%
Risk/Reward Ratio: 1:3 (Excellent swing setup)
❌ Invalidation:
If the Daily candle closes below $0.92, the trade plan will be invalidated and the price could further drop to $0.85.
📌 Trade Plan:
Buying: Accumulate around $0.96.
Profit Booking: Book 50% profit at TP1 ($1.03) and bring the Stop Loss to the "Entry Point" (Risk-free trade).
Holding: Hold the remaining 50% for TP2 and TP3.
Note: The crypto market is highly volatile, so always use only a small portion (2-5%) of your risk capital in any single trade.
#trading #TodayTopic #MarketSentimentToday #TrendingPredictions