FILUSDT.P trade ideas
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.
✴️ Filecoin | Long-Term Bullish, Short-Term DoubtfulPeople keep asking: Filecoin? Filecoin? Filecoin? ...
I am like: OMG! What's up with Filecoin? Why does everyone keep asking about it?
The only reason I am of this thinking is because I shared a trade idea for it around early October 2023 so I thought I had it covered... Short story shorter... I decided to do an update.
👉 Medium-term, long-term bullish. We are set to experience sustained growth in 2024 and beyond
➖ Short-term it is doubtful. Filecoin can resume growing after this week, just as it can continue lower before the next jump. Even if it looks like support has been found we don't know how a Bitcoin drop will affect this pair, so we stay cautious and prefer to wait rather than make assumptions.
Because, even if a pair looks solid and strong, a sudden move on the Bitcoin side can crash everything with the exception of the ALTSBTC pairs at this point.
So all those ALTSUSDT that are looking good and recovering can surprise if Bitcoin drops just a few thousand points... So I am waiting for the market to be clear of doubts and I also took care of all the entries when prices were low.
It becomes a guessing game once the action is ongoing... See the related idea below for the previous chart.
Namaste.
Filecoin(FIL): Waiting For Small Correction!FIL has had a nice small bounce from 200EMA, which started off a smaller kind of bullish movement here.
We are looking for two upper zones, which we will be considering as resistance zones as of now.
From there on, we will be looking for a potential good short position!
Swallow Team
Filecoin About To Propel To Mars? Please Whales, Dump It More!The filecoin chart looks incredibly sexy.
MEGA discount from ATH still applicable.
50 Weekly MA turned into support? Which also has confluence with other important horizontal levels (previous resistance).
The only DePIN coin with MEGA LIQUIDITY that has not pumped at all... yet. Personally, I hope whales will dump it more and keep it low for many more months so I can buy even more! Probably the best kept secret. Anyone with half a brain is loading up their SPOT BAGS while it is still CHEAP AF. Don't use leverage for whales may try to shake you out/liquidate you before they send this into orbit; just accumulate spot so that whales can't buy as much, put them under pressure!
LETS GO FILECOIN!!!!
THIS WILL EASILY RETURN TO ITS FORMER ATH.
wait for break channel(FIL)📊Analysis by AhmadArz:
🔍Entry: 4.953
🛑Stop Loss: 4.989
🎯Take Profit: 4.90 - 4.85 - 4.80 - 4.76
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