Filecoin will be volatile (8H)

Mar 24

The structure of Filecoin on higher timeframes is bearish, and it is currently oscillating within a neutral range, continuously accumulating liquidity before making a move.

The liquidity pool at the bottom of the neutral range has now been swept. It may move down once more to gather additional liquidity before attempting to sweep the upper liquidity pool.

Filecoin can move from the demand zone toward the supply zone and then experience a strong rejection back downward.

Make sure to get confirmation for any trade and always manage your risk.

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What is your opinion about FIL?

May 8

Trade closed: target reached

It reached the supply zone with a delay, but you can clearly see how the supply zone reacted.

the price was rejected by more than 13%, and all three targets were hit