ðĨ Hi friends! Filecoin is the biggest storage blockchain platform in the world. Like other storage platforms, its use case is relatively simple to grasp. Unlike centralized storage platforms like Google Cloud and Microsoft Azure, it uses decentralize storage platforms.
Now FIL grows after the huge dump. If you know the main trigger of this pump, write in the comments.
ð TRADING PLAN FOR FILECOIN:
Filcoin consolidates inside the channel but already breaks the value area up. It confirms the bulls presence. Actually, we need to wait the breakout of the channel up and the test is at support to open a long trade trade.
I recommend you open a long trade when the price break the channel up and successfully test it as a support.
ðĐ If the price will make a false breakout of top of the channel, it will be a good signal to open a short trade because this accident shows the bulls weakness. You can see the same case at the beginning of December (red area), when the price break the important value area but break it down and the price fall for -35%.
â
MY TARGETS FOR FILECOIN:
ðĨ $4 - the key level
ðĨ $4.35-4.5 - the value area
ðĨ $5 - the key level
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.