📊 Cycle Structure:
HWC (Higher Wave Cycle): Bullish 🔽
MWC (Middle Wave Cycle): Range 🔁
LWC (Lower Wave Cycle): Bearish 🔼
📌 Market Context & Structure:🔽
FIL is moving within a box-like consolidation after a recent upward move.
Volume shows slight weakening, suggesting potential for a controlled breakout.
Key resistance is around 0.0245–0.0250, previously tested 3 times.
A trendline on the 4H chart has had 4 touches; the 3rd touch aligns with this resistance, reinforcing its significance.
🎯 Trade Considerations:
Long Opportunity: Breakout above 0.0250 could provide a solid long entry if confirmed with volume.
Short / Pullback: If price fails at the trendline or resistance, short-term pullbacks are possible. Keep stops tight due to LWC bearish pressure.
The current box could act as an accumulation zone; watching for a confirmed breakout is key.
📌 If you want a specific coin analyzed, drop a comment and I’ll do it for you.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA
HWC (Higher Wave Cycle): Bullish 🔽
MWC (Middle Wave Cycle): Range 🔁
LWC (Lower Wave Cycle): Bearish 🔼
📌 Market Context & Structure:🔽
FIL is moving within a box-like consolidation after a recent upward move.
Volume shows slight weakening, suggesting potential for a controlled breakout.
Key resistance is around 0.0245–0.0250, previously tested 3 times.
A trendline on the 4H chart has had 4 touches; the 3rd touch aligns with this resistance, reinforcing its significance.
🎯 Trade Considerations:
Long Opportunity: Breakout above 0.0250 could provide a solid long entry if confirmed with volume.
Short / Pullback: If price fails at the trendline or resistance, short-term pullbacks are possible. Keep stops tight due to LWC bearish pressure.
The current box could act as an accumulation zone; watching for a confirmed breakout is key.
📌 If you want a specific coin analyzed, drop a comment and I’ll do it for you.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.