FIL's recent market movement is quite interesting. Looking back at the wave on November 7th, the 4-hour chart directly broke through the long-term downtrend line, and the price followed suit with a significant rebound.
This time is also a similar pattern—the 4-hour chart has once again broken through the downtrend, and now it is in the phase of a pullback after the rally. From a technical perspective, this position is a relatively critical zone.
The current idea is that if it can stabilize above this support level, there is a chance to see a profit potential of around 50%. Of course, the market is ever-changing, so we need to continue observing the candlestick performance, especially whether the trading volume can support the breakout.
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consensus_failure
· 9h ago
I'm tired of this routine with FIL, breaking through every 4 hours, then retesting support, it feels like it's always the same.
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MetaverseMigrant
· 9h ago
It's the same trick again, always talking about support levels, and then it gets broken through.
FIL's recent market movement is quite interesting. Looking back at the wave on November 7th, the 4-hour chart directly broke through the long-term downtrend line, and the price followed suit with a significant rebound.
This time is also a similar pattern—the 4-hour chart has once again broken through the downtrend, and now it is in the phase of a pullback after the rally. From a technical perspective, this position is a relatively critical zone.
The current idea is that if it can stabilize above this support level, there is a chance to see a profit potential of around 50%. Of course, the market is ever-changing, so we need to continue observing the candlestick performance, especially whether the trading volume can support the breakout.