FILUSDT - Supply Zone Mitigated, Downside Momentum Expected
$FIL is currently trading at 0.824, and the 4‑hour chart shows a textbook supply‑mitigation setup. Price tapped the 0.870 supply zone, reacted immediately, and failed to break higher, a strong sign that sellers are defending that level. The rejection confirms a shift in momentum, with the structure now forming a lower high beneath the supply block.
This pattern typically leads to bearish continuation as price moves away from premium levels. The downward arrow on the chart reflects the expected move, with sellers likely targeting lower support zones next. As long as FIL remains below 0.870, the bearish outlook remains valid.
Traders will be watching for follow‑through candles to confirm continuation.
FILUSDT
Perp
0.802
-2.07%