Technical analysis by Crypto-Oracle1 about Symbol FIL: Buy recommendation (5/21/2024)

After a 40-day consolidation period within a box range, a breakout opportunity may be imminent. However, a crucial decision arises:High-Risk Entry vs. Optimal Entry PointThe $6.37 support level provides a risky entry point, but could also be an optimal entry. Conversely, the $6.72 resistance level could provide a more conservative entry, but the price may have started to rise from $6.37 and we may not be able to make a decent entry in the $6.72 range.Keep in mind that RSI it is in a range that can cause a strong upward movementYour Entry Strategy:The decision of where to enter the trade lies with you, exercising sound capital and risk management principles.Disclaimer:This analysis solely reflects my perspective and should not be construed as financial advice. The responsibility for any profits or losses rests solely with the individual trader. I merely identify potential entry points for consideration.