Filecoin update- everything is in chart and simple as always.
1. Wait for a trend breakout ( and wait for a weekly candle confirmation ).
2. Wait for a buy if back to bottom around 3$.
- Unload around 20$.
- if it breaks 20$-27$ and altseason starts.
- it's a free fly ticket to 120$.
- Your trade, Your Decision.
- Stay S4fe !
Happy Tr4Ding !
Fileusdt
Filecoin / FIL & FVMFilecoin rose sharply on Friday but why? The jump fueled social media excitement about the blockchain’s March 1 launch of its Filecoin Virtual Machine aka FVM, a software platform that will introduce smart contracts and enable developers to design decentralized applications on the Filecoin network.the coin’s price jumped from $5.4 at 10:00 UTC to a high of $8 at around 5 22:00 UTC.
Filecoin announced that it will launch smart contracts in Mar'23, making it a fully-fledged L1. FIL rose by 23% in 24 hours. There are currently 3,785 active miners on the Filecoin network, storing 18.767 EiB of information, and staking 134,023,969 FIL.
The price of FIL is $9.19 today with a 24hour trading volume of 1.2 billion dollar. This represents a 22% price increase in the last 24 hours and a 80% price increase in the past 7 days
FIL saw an increase in open interest rate, denoting increased demand and bullish sentiment in the futures market.
next targets for Fil are 9.5 and 9.9$ and stop loss at 8$
Filecoin Fast Play- All in graphic
- Short time Trading with Price Action.
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Trading Parts
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Don't buy now !
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Method 1 : if Filecoin retrace
- Buy Around 3$
- Sell Before 6$
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Method 2 : if Filecoin Breakout
- Buy After 6$
- Sell Before 9$
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- Easy Right ?
- i repeat again : DO NOT BUY NOW.
Happy Tr4Ding !
Filecoin Play Wisely- Everything is in graph.
- Always follow TheKing movements first.
- Setup a retracement zone to rebuy.
- Setup a breakout buying zone.
- Don't stay always in markets, you are in danger when you are in active trading mode.
- There's some momentums to trade and sometimes there's nothing to trade.
- Sometimes better not trade and just watch.
- Use price action only.
- Setup your own SL RR.
- Don't be greedy.
- Keep everything simple as possible.
Happy Tr4Ding !
FIL/USDT breathtaking momentsHi guys
Whats your idea about Filecoin? the web 3 based cryptocurrency.
As you see in this chart, the WOW Trade Strategy is evident.
But how the wow trade strategy works?
we have a weekly or higher timeframe trendline (HTF TL).
we reached the weekly demand in control zone.
the price has bounced from the demand zone and also breaks the daily resistance powerfully.
Also we have a break out of the HTF TL and successfully a pull back to that line.
Finally prepare for the jump
Sincerely
Hosein Poursaei
$FIL the Chinese BullHello cryptofolks
Filecoin looks bullish in all TF on MACD
Inverse H&S pattern created, retesting the neckline then goes up will be the confirmation
First resistance to beark will be at $70 then we will reach our target at $80
Filecoin is a sleeping giant that when wakes up will do big movements
-Goodluck
FILUSDT SPOT IN KUCOIN AND BINANCE LONGr/r with first target is about = 1.8
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
Filecoin has been unphased during the correctionFilecoin seems to be looking very strong. In the past I had mentioned FIL in one of my idea and the target got hit, but also left the possibility for more upside open. And I do believe more upside is coming. Especially if there is a reduction in the inflation rate.