$FIL - late entry
Looking to open a small position to play with this weekend on FIL
Everything is looking very ripe for another leg up - filecoin got some mad hype last cycle and I doubt that money has forgotten its fundamentals
Currently printing a bearish divergence
Not sure why it's decided to dump a little in this area but if I had to guess it would be because of those weekend vibes.
If that's the case, would love to see FIL range here for a bit before next week's open
Trade Plan
1. enter at market price
2. set multiple small bids in 90-91 area
3. if I have time, I'll do a session of monitoring the 2h-1m TF and play with volatility there; if not, no big deal as long as I get some bids filled before the end of the weekend
4. Set a TV alert that is watching for increase by 2% on candle close on the 1h
5. monitor volume on HTF for confluence
6. wait
invalidation at ~88.77 or violent drop down 1-3% on LTF close (set an alert)
Everything is looking very ripe for another leg up - filecoin got some mad hype last cycle and I doubt that money has forgotten its fundamentals
Currently printing a bearish divergence
Not sure why it's decided to dump a little in this area but if I had to guess it would be because of those weekend vibes.
If that's the case, would love to see FIL range here for a bit before next week's open
Trade Plan
1. enter at market price
2. set multiple small bids in 90-91 area
3. if I have time, I'll do a session of monitoring the 2h-1m TF and play with volatility there; if not, no big deal as long as I get some bids filled before the end of the weekend
4. Set a TV alert that is watching for increase by 2% on candle close on the 1h
5. monitor volume on HTF for confluence
6. wait
invalidation at ~88.77 or violent drop down 1-3% on LTF close (set an alert)
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Disclaimer
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.