SasanSeifi

SasanSeifi 💁‍♂ Daily Analysis with Key Support Zones🔻

Short
BINANCE:FILUSDT   FIL / TetherUS
Hey there, Let's take a look at the daily timeframe of FILUSDT .

As you can see, the price has been on a downtrend since the $11 zone. Currently, after some minor fluctuations, it has been rejected from the 200 EMA and is trading around $5.50. The price is more likely to move downwards. If it consolidates below $5.35, we can expect a further correction toward the SELL SIDE LIQUIDITY and the $4 demand zone.

Key support levels are $4 and $3.50. There is a higher probability of a positive reaction from the $4 demand zone. In case of a correction, we need to see how the price reacts.
The potential trend is also highlighted in the chart above. Additionally, if the $4 zone breaks down, the $3.50 correction target can be considered.

Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions.

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