FIL's recent market movement is quite interesting. Looking back at the wave on November 7th, the 4-hour chart directly broke through the long-term downtrend line, and the price followed suit with a significant rebound.



This time is also a similar pattern—the 4-hour chart has once again broken through the downtrend, and now it is in the phase of a pullback after the rally. From a technical perspective, this position is a relatively critical zone.

The current idea is that if it can stabilize above this support level, there is a chance to see a profit potential of around 50%. Of course, the market is ever-changing, so we need to continue observing the candlestick performance, especially whether the trading volume can support the breakout.
FIL-20.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned