Filecoin ($FIL) is currently approaching a key resistance level. 📉 The recent bounce appears corrective rather than a definitive reversal.
📊 **Trading Plan: Short $FIL**
Entry: 0.910 – 0.940
SL: 0.985
TP1: 0.865
TP2: 0.810
TP3: 0.755
Despite Filecoin's recent upward movement, momentum lacked conviction. The rally seems to be a relief effort within a generally weaker market structure, as buyers struggle to maintain continuation. 📉
Rallies are quickly met with supply, and follow-through rapidly diminishes. If sellers continue to defend this crucial zone, a rotation towards lower liquidity levels is anticipated as the higher-probability outcome. 💰
Trade $FIL here 👇
(FILUSDT)
