Filecoin bullish scenario
If we see BTC bounce in the next couple of days or so, we could see a good entry here for Filecoin.
1h timeframe shows the starting of bullish price action, with a possible bull flag on lower timeframes. If we get a good reaction at 618 or 786 fib, we could see price try to break out from this trend line. Aggressive option to long at the 786 with a stop below previous low or wait for break out and long on the retest.
Keep stops tight as we still not sure if btc will have another leg down.
1h timeframe shows the starting of bullish price action, with a possible bull flag on lower timeframes. If we get a good reaction at 618 or 786 fib, we could see price try to break out from this trend line. Aggressive option to long at the 786 with a stop below previous low or wait for break out and long on the retest.
Keep stops tight as we still not sure if btc will have another leg down.
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