📉 $FIL
: Bounce Fading — Sellers Stepping Back In!
The relief rally for $FIL looks capped, and the bears are wasting no time. Every push higher is being met with heavy selling pressure, indicating that buyers aren't comfortable defending these levels. With supply pressing into every attempt at a rebound, the path of least resistance remains to the downside.
🔍 Technical Breakdown
Market Sentiment: Bearish strength is increasing as "strength is being faded."
Price Action: We are seeing a "heavy" flow, where upside moves lack follow-through. This usually leads to a cleaner breakdown once the momentum shifts.
Support Weakness: Buyers aren't showing the conviction needed to sustain a reversal, making short positions the high-probability play.
📉 Trade Strategy
Direction: SHORT 🔴
Entry Zone: 0.895 – 0.925 🎯
Target 1 (TP1): 0.855
Target 2 (TP2): 0.805
Target 3 (TP3): 0.755
Stop Loss (SL): 0.980 🛑
💡 Trading Note
Keep a close eye on the volume during the next dip. If $FIL breaks below 0.890 with high volume, it confirms the continuation toward our lower targets. Stay disciplined and manage your risk!
Nabiha Noor
Like & Follow for more high-conviction trade setups! ⚡
#FIL #Filecoin #ShortSetup #CryptoTrading #BinanceSquare #TradingSignals