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$FIL /USDT is range-bound by day but the 1h setup is begging for a short
$FIL /USDT - SHORT
Trade Plan:
Entry: 1.002 – 1.016
SL: 1.099
TP1: 0.942
TP2: 0.897
TP3: 0.829
Why this setup?
Why now? The 1h price is sitting at 1.009 inside a tight entry zone between 1.002 and 1.016, and the 1h ATR of 0.028824 shows enough volatility to fuel a move toward the first target at 0.942. The daily trend is range, which means the market is coiled and looking for a directional release, and the 15m RSI at 65.76 suggests momentum is still tilting bearish enough for shorts to work. If price pushes to the second target at 0.897, the trade would be accelerating in favor of the short bias, but the line in the sand remains the invalidation level at 0.837. The third target at 0.829 is the extreme extension, yet the risk is defined by the stop at 1.099.
Debate:
Are we reaching TP2 at 0.897 or is the range about to trap the shorts?
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.