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FIL / Tether PERPETUAL FUTURES

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FILECOINUSDT.P trade ideas

Filcoin analaysisBased on the presence of numerous long rejection wicks on the 1-hour time frame and the indication of a reversal in play, there is a reason to be short on Filcoin. The presence of these rejection wicks suggests that the price has been rejected at certain levels, indicating potential selling pressure. This, combined with the indication of a reversal, reinforces the bearish outlook. It is important to consider these factors when making trading decisions. The target profit zone for this short position is at 5.201.
Short
by Ener-traders
✴️ Filecoin | Long-Term Bullish, Short-Term DoubtfulPeople keep asking: Filecoin? Filecoin? Filecoin? ... I am like: OMG! What's up with Filecoin? Why does everyone keep asking about it? The only reason I am of this thinking is because I shared a trade idea for it around early October 2023 so I thought I had it covered... Short story shorter... I decided to do an update. 👉 Medium-term, long-term bullish. We are set to experience sustained growth in 2024 and beyond ➖ Short-term it is doubtful. Filecoin can resume growing after this week, just as it can continue lower before the next jump. Even if it looks like support has been found we don't know how a Bitcoin drop will affect this pair, so we stay cautious and prefer to wait rather than make assumptions. Because, even if a pair looks solid and strong, a sudden move on the Bitcoin side can crash everything with the exception of the ALTSBTC pairs at this point. So all those ALTSUSDT that are looking good and recovering can surprise if Bitcoin drops just a few thousand points... So I am waiting for the market to be clear of doubts and I also took care of all the entries when prices were low. It becomes a guessing game once the action is ongoing... See the related idea below for the previous chart. Namaste.
by AlanSantana
10
Filecoin About To Propel To Mars? Please Whales, Dump It More!The filecoin chart looks incredibly sexy. MEGA discount from ATH still applicable. 50 Weekly MA turned into support? Which also has confluence with other important horizontal levels (previous resistance). The only DePIN coin with MEGA LIQUIDITY that has not pumped at all... yet. Personally, I hope whales will dump it more and keep it low for many more months so I can buy even more! Probably the best kept secret. Anyone with half a brain is loading up their SPOT BAGS while it is still CHEAP AF. Don't use leverage for whales may try to shake you out/liquidate you before they send this into orbit; just accumulate spot so that whales can't buy as much, put them under pressure! LETS GO FILECOIN!!!! THIS WILL EASILY RETURN TO ITS FORMER ATH.
Long
by couldntcomeupwithone
FIL/USDT - Poised for an Upside Breakout: Technical &FundamentalHello, TradingView Community! I'm excited to bring to your attention FIL/USDT, which appears to be gearing up for a significant upward move. After a period of consolidation, the weekly timeframe is showing promising signs of a bullish continuation. But it's not just the technicals that are interesting; Filecoin's fundamentals add a layer of intrigue to this potential breakout. Technical Analysis: Bullish Continuation on Weekly Timeframe: FIL has been consolidating, and recent patterns on the weekly chart suggest a potential breakout to the upside. This is a scenario we've been anticipating for a while now. Key Levels to Watch : Keep an eye on current resistance levels. A decisive break and close above these levels could confirm the bullish trend continuation. Volume and Momentum Indicators: An increase in trading volume and positive momentum indicators will further validate the upside potential. Fundamental Analysis: Filecoin's Role in Web 3.0: Filecoin is at the forefront of the decentralized storage market, a crucial component of the burgeoning Web 3.0 ecosystem. Its technology allows for secure, efficient, and decentralized data storage, which is increasingly relevant in today's data-driven world. Growing Adoption: With increasing concerns over data privacy and control, decentralized storage solutions like Filecoin are gaining traction. This trend is likely to continue, bolstering Filecoin's utility and value. Development and Partnerships: Continued development and strategic partnerships are essential for Filecoin's growth. Keep an eye on their updates and announcements. For more details, visit Filecoin's website. Trading Strategy: Entry Point: A breakout above the key resistance level with significant volume can be a good entry signal. Always look for additional confirmations. Exit Strategy: Define your profit targets and stop-loss levels to manage risk effectively. Risk Management: Given the crypto market's volatility, adjust your trade size and risk exposure accordingly. Conclusion: The combination of a bullish technical setup and strong fundamentals makes FIL/USDT a pair to watch closely in the coming months. As always, remain vigilant of broader market trends and adjust your strategy as needed. Your thoughts and strategies on this are highly appreciated. Let's discuss in the comments below! As always, if you're looking for more insights on precise entries with extremely low drawdown, comment for more information ;) Happy Trading!
Long
by SwingSamurai_QMA