$FIL
pushing into resistance after a weak, reactive bounce — and the tape isn’t showing impulsive strength.
This recovery looks corrective, not structural.
Momentum faded right into prior supply. Highs are stalling instead of expanding. That’s hesitation — not breakout behavior.
If sellers defend this zone again, rotation back toward lower liquidity is the higher-probability outcome.
Trading Plan: SHORT $FIL
Entry: 0.95 – 0.99
SL: 1.05
TP1: 0.90
TP2: 0.84
TP3: 0.76
Risk is defined above 1.05.
As long as price remains capped below supply, the edge favors downside continuation.
No chasing.
No guessing.
Wait for rejection, execute with size discipline, and let structure do the work.
If it invalidates, we’re out.
If sellers press, we get paid.
Trade the plan. Manage the risk. Stay clinical.