Will FILUSDT be successful in breaking out now? FILUSDT since the drop on 2nd April, had formed triple bottom and have successfully crossed the neckline.
Now what we have is a Symmetrical triangle , with the Resistance line (RED) yet to be validated.
Scenario 1 - Mostly FILUSDT should break its Resistance at 194. If it manages to break , then next target should be 203.
Scenario 2- If it is not able to break the Resistnance at 194, then it will be forming a Double Top, and could potentially fall below 181.
Probably keep a close eye in coming hours on which side it is heading
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Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely
