$FIL /USDT – Bearish Move Likely
Technical Analysis:
$FIL/USDT is showing signs of bearish pressure after failing to sustain above the $1.300 resistance level. The price is currently hovering around $1.276, down 1.62% in the last 24 hours. Volume remains moderate at 8.89M FIL, suggesting cautious trading. The immediate support lies near $1.264, while resistance is strong at $1.353.
Trade Setup:
Entry Range: $1.276 – $1.280
Target 1: $1.260
Target 2: $1.245
Target 3: $1.230
Stop Loss (SL): $1.300
Short-Term Outlook:
A bearish continuation is likely if $FIL fails to reclaim $1.300. Traders should watch for a break below $1.264, which could accelerate downside momentum.
Short Outlook of Market:
If the price breaks below $1.260, deeper corrections toward $1.240 – $1.230 may occur. Bulls need a reclaim of $1.300 to regain control.
