FIL is currently in the fourth stage of a corrective structure - this is often the period of weakest price performance and the most pessimistic market sentiment. Interestingly, gold once went through exactly the same stage, followed by a wave of main rise. Most market participants see weakness, but looking at it from another angle, this extremely compressed situation might just be the final moment of accumulation for long positions. What seems like a bottom squeeze can sometimes be the eve of a reversal.

FIL-0.31%
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BetterLuckyThanSmartvip
· 4h ago
It's painful, but the example of gold really hits the nerve. If this wave of suppression of FIL is truly building up... how much patience does it take?
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StopLossMastervip
· 14h ago
I believe in the fourth stage of the squeeze, but to be honest, those who still dare to enter a position now are true warriors.
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AirdropChaservip
· 14h ago
I've heard the bottom strangulation theory too many times, but the analogy with gold is indeed interesting. If that's the case, FIL might still bounce back.
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TokenStormvip
· 15h ago
The fourth stage of the strangulation... The on-chain data looks indeed painful, but I operated in reverse, don’t ask me why, just ask it’s the gambler's instinct.
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TokenomicsTrappervip
· 15h ago
lmao "accumulation phase" is what bagholders call it when they're underwater... but actually if you read the vesting schedule, there's like 2m FIL unlocking next month so this compression gonna feel real different real quick
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