Yello, Paradisers! FIL/USDT has just broken below the EMA 50, and that’s a big red flag for bulls. This level had been acting as strong dynamic support, and now that it’s lost, the bearish momentum is strengthening. If buyers can’t reclaim it soon, the market could be gearing up for a deeper move to the downside.
💎The price is struggling around the major Supply Zone at $2.90 - $3.00, and the failure to hold above this level combined with the EMA 50 breakdown increases the likelihood of a drop toward the next Support Area at $2.467 - $2.209. With the EMA 50 now acting as resistance, any retest is likely to face heavy selling pressure.
💎The EMA 200 remains a key dynamic resistance, reinforcing the bearish bias. Unless FIL/USDT reclaims the EMA 50 and breaks convincingly above $3.306 with strong volume, the downward trend remains intact.
💎If the decline continues with increasing volume, sellers are firmly in control, making a deeper drop more likely. On the other hand, a weak move lower with low volume could indicate exhaustion, potentially leading to a short-term bounce or consolidation.
This is not the time to chase trades blindly. Patience and discipline always win in the long run, Paradisers. Stick to your levels and execute only high-probability setups. Stay sharp.
MyCryptoParadise
iFeel the success🌴
💎The price is struggling around the major Supply Zone at $2.90 - $3.00, and the failure to hold above this level combined with the EMA 50 breakdown increases the likelihood of a drop toward the next Support Area at $2.467 - $2.209. With the EMA 50 now acting as resistance, any retest is likely to face heavy selling pressure.
💎The EMA 200 remains a key dynamic resistance, reinforcing the bearish bias. Unless FIL/USDT reclaims the EMA 50 and breaks convincingly above $3.306 with strong volume, the downward trend remains intact.
💎If the decline continues with increasing volume, sellers are firmly in control, making a deeper drop more likely. On the other hand, a weak move lower with low volume could indicate exhaustion, potentially leading to a short-term bounce or consolidation.
This is not the time to chase trades blindly. Patience and discipline always win in the long run, Paradisers. Stick to your levels and execute only high-probability setups. Stay sharp.
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.