Hello folks 👋
On the chart, FIL has decisively broken out of a descending wedge, confirmed by a strong impulsive bullish candle on the 6H timeframe.
📈 Key Technical Observations:
🔹 Clear bullish structure shift after prolonged compression
🔹 Strong momentum on the breakout candle
🔹 A wide Fair Value Gap (FVG) has been left behind
🧠 Market Insight:
Before any sustained move higher, price may revisit the FVG$ to rebalance inefficiencies.
This would be a healthy move and could offer better continuation setups if structure holds.
📊 As always, patience and confirmation are key.
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⚠️ Always DYOR — This is NOT financial advice.
#FIL #FILUSDT #Altcoins #CryptoTrading #PriceAction
#FVG #Marketstructure #Perp