After a correction over the past two days, FILUSDT shows signs of stability and seems ready to resume its upward trend. Using a price block approach, I've identified an interesting buying level at 8.93, located within a strong support zone.
Key Points:
Buying Level: 8.93
Profit Target 1 (TP1): 11.25
Profit Target 2 (TP2): 11.85
Stop Loss: 7.55
Technical Analysis:
Buying Level: The buying level of 8.93 corresponds to a key price block where demand seems to be particularly strong. This area has previously acted as a solid support, reinforcing its relevance as an entry point.
Profit Targets: Profit targets have been set at 11.25 (TP1) and 11.85 (TP2) based on previous resistance levels. These levels offer opportunities to realize significant profits while accounting for potential market volatility.
Stop Loss: The stop loss has been placed at 7.55 to limit losses in case of a market reversal. This level is located below the entry point and is based on a risk-reward analysis to maintain prudent capital management.
Conclusion:
In summary, the FILUSDT analysis suggests an attractive buying opportunity, with a well-defined entry level, clear profit targets, and a stop loss to manage risks. This price block and demand zone-based approach provides a solid framework for making informed decisions in the market.
Key Points:
Buying Level: 8.93
Profit Target 1 (TP1): 11.25
Profit Target 2 (TP2): 11.85
Stop Loss: 7.55
Technical Analysis:
Buying Level: The buying level of 8.93 corresponds to a key price block where demand seems to be particularly strong. This area has previously acted as a solid support, reinforcing its relevance as an entry point.
Profit Targets: Profit targets have been set at 11.25 (TP1) and 11.85 (TP2) based on previous resistance levels. These levels offer opportunities to realize significant profits while accounting for potential market volatility.
Stop Loss: The stop loss has been placed at 7.55 to limit losses in case of a market reversal. This level is located below the entry point and is based on a risk-reward analysis to maintain prudent capital management.
Conclusion:
In summary, the FILUSDT analysis suggests an attractive buying opportunity, with a well-defined entry level, clear profit targets, and a stop loss to manage risks. This price block and demand zone-based approach provides a solid framework for making informed decisions in the market.
