Filecoin vs Tether Hits New Low, What Now? (86% to 245% Rebound)

2 Des 2022

FILUSDT (Filecoin) moved below support hitting a potential stop-loss hunt zone... After the break below support comes a strong rebound, bear volume on the drop is very low.

This tells us that a recovery is of high probability.

As you can see on the chart, the trading volume that's more prevalent is green.

The first potential target is a higher high compared to November but still a lower high compared August, and that for 86%.

The charts can always change so do your own research/build a plan before you decide to trade.

If the bulls decide to come in with full force, then a higher high, not as probable but still possible, can take FILUSDT as high as the 1.618 Fib. for 245%+.

The stop-loss and more information is mapped on the chart.
All the fib. levels as well, which can be used as targets.

Namaste.