🔥 FIL/USDT – Bottoming Structure After Capitulation? Reversal Brewing on 1D
After the explosive spike toward ~$3.80,
$FIL has been in a prolonged downtrend, printing consistent lower highs and lower lows. Recently, price wicked into the $0.77 macro support and showed a strong rejection. Now consolidating around $1.00, we may be seeing early signs of accumulation.
Momentum is slowing on the downside, volatility compression is forming, and sellers are failing to push price to new lows aggressively. This is where smart money typically scales in.
📌 Trade Setup (Swing Long)
Entry: $0.95 – $1.02
Stop Loss: $0.88
TP1: $1.15
TP2: $1.35
TP3: $1.60
📊 Technical Confluence
• Strong daily support at $0.77 already defended
• Base forming around psychological $1.00 level
• Downtrend losing momentum (smaller bearish candles)
• Potential higher low forming on lower timeframes
• Risk/Reward favorable (~1:3+ if TP3 hits)
A break and daily close above $1.15 would likely confirm momentum shift and open the path toward the $1.35–$1.60 liquidity zone.
⚠️ Risk Management Note
This is still technically a downtrend on the daily timeframe. Treat this as an early reversal attempt, not confirmed trend change.
Risk no more than 1–2% of your capital per trade. If $0.88 breaks with strong volume, downside continuation toward $0.75 is possible.
Patience here could pay. Accumulation phases often feel boring before expansion begins. 👀
Would you play this as a swing or wait for confirmation breakout?
#FIL #Filecoin #CryptoTrading #Altcoins #TechnicalAnalysis