Filcoin analaysis
Updated
Based on the presence of numerous long rejection wicks on the 1-hour time frame and the indication of a reversal in play, there is a reason to be short on Filcoin. The presence of these rejection wicks suggests that the price has been rejected at certain levels, indicating potential selling pressure. This, combined with the indication of a reversal, reinforces the bearish outlook. It is important to consider these factors when making trading decisions. The target profit zone for this short position is at 5.201.
Trade closed: target reached
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