Hey there, Let's take a look at the daily timeframe of
FILUSDT
.
As you can see, the price has been on a downtrend since the $11 zone. Currently, after some minor fluctuations, it has been rejected from the 200 EMA and is trading around $5.50. The price is more likely to move downwards. If it consolidates below $5.35, we can expect a further correction toward the SELL SIDE LIQUIDITY and the $4 demand zone.
Key support levels are $4 and $3.50. There is a higher probability of a positive reaction from the $4 demand zone. In case of a correction, we need to see how the price reacts.
The potential trend is also highlighted in the chart above. Additionally, if the $4 zone breaks down, the $3.50 correction target can be considered.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions.
Happy trading!âđ
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!đ
As you can see, the price has been on a downtrend since the $11 zone. Currently, after some minor fluctuations, it has been rejected from the 200 EMA and is trading around $5.50. The price is more likely to move downwards. If it consolidates below $5.35, we can expect a further correction toward the SELL SIDE LIQUIDITY and the $4 demand zone.
Key support levels are $4 and $3.50. There is a higher probability of a positive reaction from the $4 demand zone. In case of a correction, we need to see how the price reacts.
The potential trend is also highlighted in the chart above. Additionally, if the $4 zone breaks down, the $3.50 correction target can be considered.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions.
Happy trading!âđ
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!đ
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