FIL Confirms Reversal!!!!!!
2025-02-16
Category: None

FIL/USDT (1H Chart) Technical Analysis
1. Market Structure & Trend Analysis
The chart indicates higher highs (HH) and higher lows (HL) forming, which is a bullish structure.
A double bottom pattern is visible multiple times, signaling a potential trend reversal.
The price is currently near key support levels (around 3.35-3.36).
2. RSI (Relative Strength Index) – Neutral to Bullish
RSI is at 57.62, which is in a neutral zone (not overbought or oversold).
A move above 60-65 could indicate stronger bullish momentum.
3. Volume Analysis
Volume is relatively low (44.64K), meaning the price needs more buying pressure to push higher.
A volume spike could confirm the breakout.
4. Key Levels to Watch
Support:
3.35-3.36 (Immediate support)
2.97 (Major support & invalidation level)
Resistance:
3.50-3.55 (Short-term resistance)
4.33-4.50 (Major target if breakout occurs)
5. Possible Scenarios
✅ Bullish Case:

If price holds above 3.35 and breaks the recent lower high (LH), it could push towards 4.33-4.50.
Increased volume would confirm this move.
❌ Bearish Case:

If price breaks below 3.35, it may retest the 2.97 support area.
A breakdown below 2.97 would invalidate the bullish setup.
6. Trade Plan Idea (Based on Chart)
📌 Entry: Around 3.35-3.40 if support holds.
🎯 Targets (TP):

TP-1: 3.90
TP-2: 4.33
TP-3: 4.50
🛑 Stop-Loss (SL): Below 2.97 (to avoid deep drawdown).
Conclusion
FIL/USDT is showing bullish signs with higher lows and a double bottom.
A breakout above 3.50 with strong volume could confirm an uptrend.
Watch the 3.35-3.36 support level closely for validation.