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🔴 $FIL Short Setup — Local Resistance Holding Strong
$FIL is showing signs of weakness after facing rejection from a key local resistance zone. Bears are currently maintaining short-term control, and momentum favors a downside continuation if price stays below resistance.
Trade Setup:
Entry: $1.018 – $1.022
TP1: $1.005
TP2: $0.992
TP3: $0.978
Stop Loss: $1.035
The rejection from the top suggests fading bullish momentum, while lower timeframes continue to print bearish pressure. As long as $FIL remains below the entry resistance area, sellers may keep pushing price toward lower liquidity zones 📉
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