Filecoin made a strong move up and then started to cool down, pulling back to the 0.5 Fibonacci zone around $2.6. This area now works as support where buyers are stepping in.
If price holds here, the next resistance is at $2.92-3.00, and then $3.40-3.65. A breakout above $3.65 could push FIL toward $3.97, then $4.61, and maybe up to $5.64.
But if price closes below $2.30, the bullish setup will be canceled and we could see a deeper drop.
Summary:
📈 Pattern: Strong move up with Fibonacci pullback
🟢 Support: $2.50-2.60
🔵 Resistance: $2.92-3.65
🎯 Targets: $3.97 - $4.61 - $5.64
⚠️ Cancel: 4H close below $2.30
RSI is starting to rise from low levels, showing early signs that buyers may take control again. A candle close above $3 would confirm the move and then, let's follow the volume.
A good entry point for this setup would be around $2.55-2.65, close to the 0.5 Fibonacci zone, where price has already shown signs of holding support.
Here’s how we could plan it:
Entry: $2.55-2.65
Stop loss: Below $2.30 (to protect from deeper drop)
Targets:
TP1: $2.92
TP2: $3.40
TP3: $3.97+
This gives roughly a 1:2.5 to 1:3 risk/reward, which is solid if Bitcoin stays stable or moves up.
If price holds here, the next resistance is at $2.92-3.00, and then $3.40-3.65. A breakout above $3.65 could push FIL toward $3.97, then $4.61, and maybe up to $5.64.
But if price closes below $2.30, the bullish setup will be canceled and we could see a deeper drop.
Summary:
📈 Pattern: Strong move up with Fibonacci pullback
🟢 Support: $2.50-2.60
🔵 Resistance: $2.92-3.65
🎯 Targets: $3.97 - $4.61 - $5.64
⚠️ Cancel: 4H close below $2.30
RSI is starting to rise from low levels, showing early signs that buyers may take control again. A candle close above $3 would confirm the move and then, let's follow the volume.
A good entry point for this setup would be around $2.55-2.65, close to the 0.5 Fibonacci zone, where price has already shown signs of holding support.
Here’s how we could plan it:
Entry: $2.55-2.65
Stop loss: Below $2.30 (to protect from deeper drop)
Targets:
TP1: $2.92
TP2: $3.40
TP3: $3.97+
This gives roughly a 1:2.5 to 1:3 risk/reward, which is solid if Bitcoin stays stable or moves up.
ملاحظة
The previous setup was invalid because price never gave a clean entry.But now, the chart shows something different.
FIL is moving just under the 0.382 Fibonacci level at 2.30, and this level is the key right now. RSI is slowly turning up, which means buyers are trying to push it higher.
A simple and clean plan:
Entry: when price breaks above 2.30 and holds above it.
Stop loss: under 2.05
Take profit targets:
TP1: 2.62
TP2: 2.94 to 3.03
TP3: 3.39 to 3.66
If price cannot break above 2.30 and rejects again, it can drop down to the 1.90 to 1.80 area.
تم فتح الصفقة
This could be it, everyone is scared, therefore, good entry from current $2.00 RANGE.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.