Get started
HumbleFutures

FILUSD setting up for a strong 1:5 risk/reward trade

Long
Filecoin (COINBASE:FILUSD)  
HumbleFutures Updated   
COINBASE:FILUSD   Filecoin
Technical Indicators Chart Patterns filecoin FILUSD FIL
6
0
indicator chartpattern filecoin filusd fil
FILUSD pushed hard up and through its weekly 21 SMA and is consolidating high. This is textbook squeeze setup that has a high probability of reaching the 89 SMA 3X higher! The trade would be to buy under $8 with a stop under $4.16 and a target of $24
Trade active
Comment:
I have serious concerns for Alts right here.... the folks who make the decisions have declared war on them. Bad... bad bad. FedNow competition went out of business last week and I don't see that stopping.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.