FIL's recent movement is quite interesting. The current price is around 1.596, just breaking out of consolidation and initially breaking above the trendline, which is a bullish signal. However, only one K-line has formed so far, so it is still in the early stages.
From a technical perspective, support levels are at 1.576, 1.545, and 1.522, while resistance is at 1.608 and 1.688. If you want to follow this upward trend, consider a small long position and use the 1.583 trendline as a trailing stop.
But a warning here—since it has just broken out, volatility is likely to be high. Additionally, the price has already pulled back slightly, which could very well be a false breakout trap. If it effectively breaks below 1.583, the bullish structure will be completely broken. Therefore, risk management is especially important; don’t get blinded by this rally.
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MrDecoder
· 01-08 15:10
Fake breakout is back again, I'm tired of this routine with FIL
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Just one candlestick wants to trick me into bottom fishing, forget it
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Breaks 1.583 and I give up, don't be greedy
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Risk management is correct, but who can really do it
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Start panicking with a slight pullback, this is retail investors
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Light positions for long, but you need to be aware
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1.688 is just a dream, I’d be happy to reach 1.608 and burn incense
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The scenario of a bullish breakdown indeed needs to be considered
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High volatility is the norm for this coin, get used to it
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Still the same advice, setting stop-loss properly is more important than anything
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LiquidationWatcher
· 01-08 14:45
The fake breakout tactic is too familiar; time to harvest another wave of retail investors.
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SnapshotLaborer
· 01-06 04:53
Fake breakouts are really too familiar; FIL might just be deceiving us again this time.
Another story of a single K-line, wake up everyone.
Breaks below 1.583 and it will explode directly. I'll stay on the sidelines.
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CascadingDipBuyer
· 01-06 04:45
Once again, it's the same fake breakout routine. I'm tired of watching FIL.
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Break below 1.583 and I'll sell immediately. Don't say I didn't warn you.
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Light position? I only dare to play flashy trades. This level is too risky.
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Just a breakout and then a pullback. Still playing the show, let's see if they can fool me.
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Bullish momentum is a joke. I bet it's fake.
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There are so many support levels, indicating this thing has no confidence.
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Yesterday, a friend said FIL would rise. Now I doubt everything.
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Risk management is important, but making money is even more important. For now, just hold and watch.
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Volatility is just code. I'll wait for a real breakout before acting.
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If the 1.583 line breaks, I guarantee I'll dump and sell, giving it no chance.
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BearMarketSurvivor
· 01-06 04:39
Is a false breakout really a routine operation for FIL? Here we go again?
It's just about a single candlestick, don't get too excited.
1.583 not broken can still be played, breaking it means you should exit immediately. That’s the premise of staying alive.
The technicals look good, but the market is speaking, and it's already starting to pull back.
Light position? I prefer to wait and see first; there are too many scams in this industry.
Is the price artificially high? Isn't it better to wait before jumping in?
Bullish signals? Ha, the most feared are these "initial" breakouts.
1.688 is just a dream, be more realistic.
Just one candlestick signaling a start? That mindset needs to change.
Risk management is the key; if others call for a rise, just follow, but you'll get cut sooner or later.
FIL's recent movement is quite interesting. The current price is around 1.596, just breaking out of consolidation and initially breaking above the trendline, which is a bullish signal. However, only one K-line has formed so far, so it is still in the early stages.
From a technical perspective, support levels are at 1.576, 1.545, and 1.522, while resistance is at 1.608 and 1.688. If you want to follow this upward trend, consider a small long position and use the 1.583 trendline as a trailing stop.
But a warning here—since it has just broken out, volatility is likely to be high. Additionally, the price has already pulled back slightly, which could very well be a false breakout trap. If it effectively breaks below 1.583, the bullish structure will be completely broken. Therefore, risk management is especially important; don’t get blinded by this rally.