FILUSDT broke down from a bearish formation and has since been trading within a descending channel, carving out what appears to be a 3-wave corrective structure (ABC) to complete wave W of a broader corrective pattern.
Price is now approaching a critical zone where wave X is expected to develop. If price manages to break above the projected sell-off zone, bullish momentum could reclaim control, opening the path toward the next major target at $18.308.
However, a rejection at this key resistance would likely trigger another downward leg, pushing the price back into the immediate demand zone. A failure to hold this support would significantly increase the risk of a deeper breakdown toward the projected wave Y target around $0.995, completing the extensive correction structure.
This is a pivotal moment for FILUSDT, We should closely monitor price action around the sell-off zone for clues on whether bulls can reclaim dominance or if the correction will deepen further.
Price is now approaching a critical zone where wave X is expected to develop. If price manages to break above the projected sell-off zone, bullish momentum could reclaim control, opening the path toward the next major target at $18.308.
However, a rejection at this key resistance would likely trigger another downward leg, pushing the price back into the immediate demand zone. A failure to hold this support would significantly increase the risk of a deeper breakdown toward the projected wave Y target around $0.995, completing the extensive correction structure.
This is a pivotal moment for FILUSDT, We should closely monitor price action around the sell-off zone for clues on whether bulls can reclaim dominance or if the correction will deepen further.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.