📉$FIL is showing very strong bearish momentum with a 9-sequence short setup, backed by $220K cumulative short volume. Sellers are maintaining sustained pressure, making the downside bias strong while resistance remains intact.
🎯 Short Entry Zone:
0.7070 – 0.7130
Targets:
🎯 TP1: 0.6950
🎯 TP2: 0.6800
🎯 TP3: 0.6600
🛑 Stop Loss:
Close above 0.7250
📊 Trading Logic:
The 9-sequence structure and $220K cumulative selling volume provide strong confirmation. However, the move is already extended, so avoid chasing. A relief bounce into the entry zone followed by bearish rejection is preferred.
⚠️ Risk Note:
Extended short sequences can trigger sudden short squeezes. Use low leverage, disciplined position sizing, and strict risk management.
#Meme coins enter crypto ETF #Ethereum and Solana supply changes #Brazilian court denies release of crypto fraud suspect #Clarity Act sets September vote
