Short
Updated

Filecoin (FIL): Break of Trend | Possible 1:2 RR Trade

867
We noticed a nice break of trend on Filecoin where sellers slowly took over the dominance, turning the market price over and resulting in a sweet break right there.

Now, after a recent stop hunt we had on the 4th of April, we have to be careful, as there might be similar movement happening (who knows), but overall we are aiming for that lower target zone as long as sellers maintain the dominance over the 100EMA line.

Swallow Academy
Trade closed: stop reached
snapshot

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.