Filecoin (FIL): Looking For Break / Sellers Pressure
2025-01-31
Category: None

As many of you know, we are all about the probabilities and confirmations, so here we are looking for and waiting for further pressure from the bearish resistance zone, which has been dragging the price lower and lower, where now we are at the tip of the triangle pattern.

Pressure from both buyers near support and sellers from resistance might lead to quick liquidity grabs but eventually we will break from one or another zone.

We put a few target zones for both scenarios here, but personally, I am looking for a drop more than a breakout here...it seems more logical with the current market state!

Swallow Team