FILUSD 30 % drop possible before finding the bottom

FILUSD looks bearish .
Resistance acting as a resistance . The price currently is below the key level and 30 % drop is still possibble before finding a potential bottom .

Currently it looks that the price may reach just below 3$ or maybe even 2,5 $ which would be a good buy zone for the next bull market.

Any bounce probably will be a short lifted and the price eventually will go down.

Good luck

Trade closed: target reached:

Target reached 100 %. Congratulations!

Comment:

After hitting final profit for shorts, the price bounced hard. Bulls are in control. buy the dips on this one

Comment:

We saw a very impulsive move after hitting a probable bottom. Now some pullback may occur. Dips are for buying now

Comment:

Daily candle closed above previous resistance . If we see more consolidation above this level, FIL will continue moving higher without pullbacks (yet). If we see 3 $ again , it's a bargain.

Comment:

Here you can find new targets for Filecoin