The price of 📉FIL decreased significantly yesterday, dropping below the lower boundary of a descending triangle pattern on the 4-hour chart. This was confirmed by a strong bearish candle with a lot of momentum.
As for potential support levels, the next one to watch out for is around 5.00/4.500. It is likely that sellers will aim for this level in the near future.
If you are considering entering the market, it might be a good idea to wait for a retest of the broken triangle boundary as a possible opportunity...Trade safely đź‘Ťâś…
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.