FIL / TetherUS
Short

FIL(FILUSDT): What A Breakout...Sell!

258
Yesterday, the price of 📉FIL experienced a sudden decrease. It fell below a neckline of a descending triangle formation on the 4-hour time frame, and this was confirmed by a strong bearish candle with high momentum.

In terms of support levels, the next one I identify is around 5.00/4.500. This is likely to be the target for sellers in the near future.

If you are looking to enter the market, it may be worth considering a retest of the broken neckline of the triangle as a potential opportunity...Trade safely 👍✅

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.