Technical analysis by Expate about Symbol FIL: Buy recommendation (6 hour ago)

Filecoin made a strong move up and then started to cool down, pulling back to the 0.5 Fibonacci zone around $2.6. This area now works as support where buyers are stepping in. If price holds here, the next resistance is at $2.92-3.00, and then $3.40-3.65. A breakout above $3.65 could push FIL toward $3.97, then $4.61, and maybe up to $5.64. But if price closes below $2.30, the bullish setup will be canceled and we could see a deeper drop. Summary: 📈 Pattern: Strong move up with Fibonacci pullback 🟢 Support: $2.50-2.60 🔵 Resistance: $2.92-3.65 🎯 Targets: $3.97 - $4.61 - $5.64 ⚠️ Cancel: 4H close below $2.30 RSI is starting to rise from low levels, showing early signs that buyers may take control again. A candle close above $3 would confirm the move and then, let's follow the volume. A good entry point for this setup would be around $2.55-2.65, close to the 0.5 Fibonacci zone, where price has already shown signs of holding support. Here’s how we could plan it: Entry: $2.55-2.65 Stop loss: Below $2.30 (to protect from deeper drop) Targets: TP1: $2.92 TP2: $3.40 TP3: $3.97+ This gives roughly a 1:2.5 to 1:3 risk/reward, which is solid if Bitcoin stays stable or moves up.