Technical analysis by CryptoSheykh about Symbol FIL: Sell recommendation (4/13/2025)

🔥 FIL/USDT – Approaching Key Short ZoneFIL is currently consolidating within a tightening wedge structure, showing signs of bearish indecision as price grapples with a well-defined short zone. Price action has moved aggressively from local lows and is now testing multi-level resistance areas.🟣 Zone to Watch:“Possible Short Zone” highlighted in purple — this zone marks a high-probability entry area where sellers could step in.📍 Entry Point:🔴 Short Entry: 2.654 – Near the lower end of the resistance window.📉 Momentum & Setup:Chart Formation: The consolidation has created a rising/symmetrical wedge, indicative of a bearish retest scenario.Volume Consideration: Look for a spike in volume accompanying a bearish reversal near the upper band of the zone.🟢 Take-Profit Zones:✅ TP1: 2.518✅ TP2: 2.333✅ TP3: 2.125✅ TP4: 1.848 (Final zone)❌ Invalidation Level: 2.90+(A strong close above this level would signal a potential trend reversal and invalidate the bearish setup.)🧠 Narrative:This setup is a textbook example of a bearish retest where support converts to resistance. The rapid price climb has likely exhausted buyers, setting the stage for sellers to capitalize on the multi-level resistance. Smart money appears poised to offload positions at these levels before further downside expansion, potentially triggering a liquidity grab.🎲 Market Context:Keep an eye on overall crypto market sentiment.📌 Risk Management:As always, manage your position sizes and money management carefully. Consider setting a stop-loss just above the invalidation level (around 2.90) to protect against unexpected moves.