$FIL For the short term, continue to look bearish. The moving averages still can’t get back up, and the bears are clearly pushing down; the chart looks quite heavy.



In terms of levels, you can watch the resistance in the 0.7378 - 0.7562 range. If it goes lower, it may test 0.7176 and even 0.6941. The defense zone is at 0.7789.

But watch the risk: price is quickly approaching the 24-hour low of 0.7283. Here, a rebound could trigger at any moment, or a quick sweep of liquidity may happen. Also, $IDOL and $SNDK look quite heavy too—so you can watch them together.

Don’t get carried away and go all-in; manage your position size.
FIL-4.04%
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