🚨 Technical Analysis of $FIL | Daily Frame

🔹 Current Price: 0.8300$ 📉 (-0.78% in 24h)

– Moving within a clear downward trend with continued formation of lower highs and lows, confirming the sellers' control over the overall direction.

– A clear break of previous support areas with accelerating negative momentum, reflecting the weakness of any real reversal attempts so far.

– The area 0.8610$ – 0.8380$ represents major support / demand.

– Trading below the 50 level at 38.76, reflecting the weakness of the current momentum.

🔼 Positive Scenario (Rise):

In case of stabilization and breach above 1.03$

🎯 1.03$ – 1.04$ – 1.17$

🔽 Negative Scenario (Fall):

In case of breaking 0.8610$ with a daily close

❌ 0.8610$ – 0.8380$ – 0.7374$

📌 Note: Any rise towards resistance areas is considered a correction within the downward trend unless breached and stabilized above it.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.