Hey Crypto traders!
The FIL coin is currently facing a crucial moment in its short-term trend. After that fake push that misled traders for too long, letting them think that it was a clean breakout, there is now a clear manifestation of vulnerability in its price movement.
Seeing that the price failed to sustain its bullish breakout, it marked a bearish sign. The zone where we expected strength is now showing clear signs of weakness, further emphasizing the bearish outlook. Given this scenario, we should be ready for a possible downward movement.
The Bollinger Bands middle line has been broken, which may suggest that the long-awaited breakdown is soon to happen. We should keep our eyes opened for a potential short opportunity that seems to occurring very soon. 👀
If you like the ideas provided by our team, you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website is for educational purposes and is based on our own personal opinions.
The FIL coin is currently facing a crucial moment in its short-term trend. After that fake push that misled traders for too long, letting them think that it was a clean breakout, there is now a clear manifestation of vulnerability in its price movement.
Seeing that the price failed to sustain its bullish breakout, it marked a bearish sign. The zone where we expected strength is now showing clear signs of weakness, further emphasizing the bearish outlook. Given this scenario, we should be ready for a possible downward movement.
The Bollinger Bands middle line has been broken, which may suggest that the long-awaited breakdown is soon to happen. We should keep our eyes opened for a potential short opportunity that seems to occurring very soon. 👀
If you like the ideas provided by our team, you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website is for educational purposes and is based on our own personal opinions.
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Price is going sideways but still struggles to decide which way to go!! Once we see a weakness, we are good for a short here!