FILUSD trade ideas
FILUSD (4H) Bearish wave We2Hi Traders
FILUSD (4H Timeframe)
A High probability, entry signal to go SHORT was given at 29.80 after the market found resistance at 30.90. Only the upward break of 30.90 would cancel the bearish scenario.
Trade details
Entry: 29.80
Stop loss: 30.90
Take profit 1: 23.62
Take profit 2: 19.20
Score: 8
Strategy: Bearish wave We2
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is sitting around a strong demand zone in green so we will be looking for buy setups.
on DAILY: FIL is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , FIL would be overall bearish can still trade lower till the lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Filecoin on its way to oblivion?Well it has been looking terrible hasn't it. However, we are really, really, I mean REALLY closing to a turning point. I have to make this post because if you don't see the possibility of a flip-ver here soon you are blind. I see the green order-block as the optimal turning point and I also see it as a very cheap buy.
Swing TradeFIL had a huge run at the beginning of 2021. Not sure what happened but I guess the market deemed it was way overvalued.
Now it looks like it's trying to round out a bottom as it recently swept the prior lows. Bullish daily RSI divergence in play. Levels are on the chart but could be a pretty big swing trade in coming weeks
FIL Bottom EntryFIL looks to be finding it's bottom here. It has dropped about 85% since ATH (about the exact same as BTC in each of it's bear markets). As BTC heads up to highs and beyond to close this bull cycle, expect FIL to make new highs as well. Long entry here returns over 6x+ in the coming months. Cheers!