FILPERP
FIL broke the downtrend line!FIL broke the downtrend line and the previous high of 5.903, and the lightning flashed that FIL stepped back to 5.122 (0.382) support twice.
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Main target price:
6.350~6.385(1.382)
6.684
6.985
7.166
Long orders of FIL contracts can take profit at the target price, and the stop loss price can be set at 5.122 (0.382); the stop loss price with a higher R/R ratio can be set at 5.421 (0.618).
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The yellow rectangle below is the support area of FIL.
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FIL PERP WEB 3.0 Bullish Desending wedge at its limit!!!All details are on the chart, i have removed indicators except for 50/200 EMA ...
You can see the FIL has formed a desending wedge, with another weaker desending wedge (red line) giving us a great buy in area.
For high leveage traders you could look to the red line for a stop loss.
where as low / no leveage traders could look at the stop loss line i have marked that i will use.
Info
With all the hype of WEB 3.0 kicking off it will be like the metaverse rally and we all wish we got in on AXS when it was 2.$ like 5months ago...
Well look for good web 3.0 crypto projects and dollar cost in or chart it your self and you may get the chance again.
WARNING
i am not as bullish on BTC currently so be careful as it can break all trends, with the DOW and SP500 falling in recent weeks BTC loves to follow behind.
Happy trading!
FIL / PERP Bearish on dailyThis is purly just what is on the charts, a big BTC swing or some rogue tweet could obviously change it all...
Look for trend continuation while BTC is below 63k, the buy zone would be amazing but is a long way to go...
Factors - Bullish engulfing (daily) + death cross (daily)
note : Is a large bull flag so there is allways the chance it breaks out before another lower trend re-test.
Fil It. Chart by CryptoKneeLooking pretty! Pretty good for an impulse up with a nice retrace to the golden corner pocket with some nice reaction off of the larger pitchfork. Bouncing from here would be an ideal setup but a break of the Pitchfork would not be a deal breaker completely. So watching for these bullish interpretations to play out.
FILUSDT ewt analysisthis thing looks pretty bullish imo, and if btc does start moving up from here, we may be able to see some handsome returns down the road.
we're in pretty risky times though, so i can't recommend taking any leverage trades or anything. spot is the way, with a decent stop loss.
i have recently learned, that it is never about the reward that we might be able to receive, but it is about managing our risk, and protecting our capital at the end of the day.
💸