📊 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.