MyCryptoParadise

FIL/USD Poised for Upward Movement Post-OB Rejection? ๐Ÿ‘€ ๐Ÿš€

Long
BINANCE:FILUSDT   FIL / TetherUS
๐Ÿ’Ž Paradisers, focus on #FILUSDT as it displays a promising trading pattern. After experiencing rejection from a bearish Order Block (OB), it is now regaining upward momentum, indicating a strong likelihood of an upward movement following a successful breakthrough above the OB level.

๐Ÿ’ŽDelving into #FILECOIN past market behavior, it has shown a consistent pattern of navigating a descending channel, breaking above, and then initiating an upward trend. Recently, after encountering resistance at the Bearish OB level of $5.755,#FIL retraced to a support level where it previously exhibited a Market Structure Shift (MSS). Itโ€™s now showing signs of regaining upward momentum to challenge the substantial supply level above at $9.168.

๐Ÿ’Ž However, in the ever-changing landscape of cryptocurrency trading, itโ€™s essential to prepare for various possibilities. If #FIL struggles to sustain its current upward trajectory, attention should shift to potential bullish continuity from the support level of $4.228. A descent below this pivotal level might suggest a more significant downward trend. ๐ŸŒด๐Ÿ’ฐ

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