Filusdtidea
Filecoin FIL Will Continue Bear MarketHello, Skyrexians!
Recently we made the most hated article about Bitcoin Dominance growth, but this chart reflects great what can happen soon. The mistake of the most traders here is that they are sure that alseason will come now. Most of crypto shows weakness and we need to be more realistic. Today we take a look at BINANCE:FILUSDT as an example of bear market continuation for risky assets!
Let's take a look at the weekly chart. Current bear market can be seen as an ABC. The most common mistake that people think that wave B is an accumulation, but this is redistribution and the new mark down phase is starting now. The support will be broken because there is no other way. There was a chance for altcoin season in November when price has formed the anticipated wave 1, but wave 2 has broken this belief and now we are in the wave C. Current wave is wave 3, but to the downside. Targets are very low, they cannot be measured, but FIL may easily touch $1. This bear market will be finished with the ending diagonal, like most of major trends. This information is not for panic, but be ready for the big crash again. Anyway, now there is a great price for long term accumulation, the only one question will you be able to see -70% from the current portfolio value?
Best regards,
Skyrexio Team
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$FILUSDT: Breaking Free After 2-Year Consolidation!!$Filecoin ( BINANCE:FILUSDT ) has finally awakened after a prolonged 2-year consolidation in its key support zone. This decentralized storage coin, with strong fundamentals and promising long-term potential, has now broken out of its local resistance, signaling a potential trend reversal.
Currently, FIL is down 97% from its previous all-time high, offering a compelling risk-to-reward ratio for traders and investors.Trade cautiously and ensure proper risk management as the market regains interest in FIL!
BINANCE:FILUSDT Currently trading at $5.25
Buy level: Above $4.77
Stop loss: Below $3.255
TP1: $8
TP2: $11
TP3: $25
TP4: $40
Max Leverage 3x
Always keep Stop loss
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Fil/Usdt Idea Fil/Usdt is attracting buyers' attention, with the price attempting to break out on the 4-hour timeframe. A successful breakout could lead to a strong bullish move in the short term. Keep a close watch on this development. Remember, this is not financial advice; always do your own research (DYOR).
FILUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 10 - 15 - 20 - 28
Stop: under 3.3 (depending of ur risk).
RR: 1 to 10
ALWAYS follow ur RM.
risk is justified
It's not financial advice.
DYOR!