Filcoin idea💎 The falling wedge breakout in Filecoin indicates strength. I am taking a long position and will exit for profit at the resistance level.
EASY AS
FILUSDT trade ideas
FILUSDT Analysis - Waiting for a Price Decline to 4.97 USDTOverview:
On the FILUSDT chart, a downtrend is observed, with a key support identified around the 4.97 USDT level, as depicted in the green zone on the chart.
Recommendation:
It is advisable to await a price decline to the support zone at 4.97 USDT before considering a buying position. This zone appears to be a significant support level, and price history suggests rebounds are common from this level.
Key Points:
Support Zone: The green zone indicates a key support level at 4.97 USDT.
Buying Position: Consider a buying position once the price reaches the support zone at 4.97 USDT.
Stop Loss: Use a tight stop loss to manage risk in case of unexpected movements.
Risks: Avoid entering a buying position at the 5.14 USDT level, as this could entail higher risks based on technical analysis.
Advice:
Be vigilant and patient. Wait for confirmation of the price decline to 4.97 USDT before making a buying decision. Utilize tools such as momentum indicators and candlestick patterns to refine your entry.
Note: This analysis is based on historical data and past trends; markets can evolve, and it's essential to monitor real-time developments.
Filcoin short analaysis The price is currently in a falling wedge pattern, suggesting a potential further decline.,taking profits on lows.
Filcoin short!I believe Filcoin is indicating weakness in LTF and there appears to be a bearish divergence in the RSI (Relative Strength Index). I'm considering taking profit on HTF (Higher Time Frame) lows.
📊#FIL is expected to challenge the Front H⚔️➡️As expected, the market experienced a correction at the daily level, which is very reasonable, because after the structural goals of the large cycle are achieved, there may be adjustments to the corresponding level. Due to the multiple additions to the position, my cost price was raised, so the small portion of the position we had left was wiped out at break-even.
🧠From a structural point of view, we have formed a new long structure in the D buy zone, so it is reasonable to start a daily rebound from here.
➡️From a wave theory perspective, we appear to have completed Wave 4 and are looking forward to the development of Wave 5
Let's see👀
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FIB retraced to 0.382I think the correction is done for now and going back up again.
Watch those fib levels for take profit on the way up if looking to swing trade.
Otherwise buy now and wait until confirmed market structure
FilcoinI'm looking forward to bullish price action on the higher time frame. I'm eager to see if buyers will enter this zone and help push the price up. I'm also thinking about the potential to take profits at major resistance zones.
Potential projects: Our next guest is FILUSDT BINANCE:FILUSDT BINANCE:FILBTC Cloud storing is good project.Fundamental project ✅.Accumulation both USDT and BTC graph✅.Descending canals✅.I don’t know when but this project gain can be BLAST!!.Maybe after btc reaching 32k lvl this project one of the best projects to invest.BUT ETHBTC showing up moves.AS I MENTION I DONT KNOW WHEN.
Filcoin analaysis
My first partial TP filcoin is currently on a5.064it is on downtrend, but it is showing strength on the RSI. Let's see how it plays out.
FilcoinIn the crypto market, it is crucial to adopt a mindset focused on trading based on the current market conditions rather than attempting to predict its movements.
Instead of relying on predictions, it is advisable to switch from long positions to short positions when appropriate. This allows for flexibility and the ability to capitalize on potential market downturns. By doing so, one can anticipate the price to decrease significantly or take profits when specific price levels, indicated by the user's vertical red lines, are reached.
Following these recommendations can help traders navigate the crypto market with a more informed and adaptable approach.
FIL Long Opportunity Fil Long Opportunity.
Pullback from Support Zone.
Took some liquidity from previous low
Bullish divergence
Filcoin shortI am shorting this position because it is indicating a weakness. I am taking profits at the lows to capitalize on the downward movement.
Short filcoinI have identified a higher timeframe rejection on Filcoin and have taken a short position on the Filcoin altcoin in the lower timeframe. My plan is to profit on the swing low.
FILUSDT A double combination with an incomplete C-wave after the X-wave usually ends with a stretch or a triangle The wave ends with Bell being a fick breakdown
Filcoin
The price is displaying strength, so I am going long and will adjust my risk management accordingly.
FIL/USDT | #Filecoin | 1D 👀1. I view this instrument purely from a technical standpoint, I've been monitoring it for quite some time, and the goals are globally relevant.
2. From a technical perspective, I anticipate movement towards $20-40 with subsequent decline.
3. I await clarity by early 2025. I don't plan to search for the bottom. I'll write about any changes.
Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Filecoin. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Filecoin #Investing #FIL
fil usdt bulish It has moved very slowly, but according to the potential of the chart, it is ready to move towards the $17 target.
Your own risk
#FIL Possible scenariosIn time D1, after an upward rally to the $8 area, it is currently completing the correction of wave C or 3. This wave should continue at least up to 100% Fibo of the $4 range or the PRZ1 zone. If the upward correction touches the 5.72 range, this analysis will be invalid.
Fil 4hr SetupAs shared earlier last week, weekly time frame is looking for a reversal. When we look at the 4hr a reclaim of marked level will initiate the trade on a weekly time frame. As always, manage your risk accordingly and take regular profits and move sl. Good luck traders :)
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.
