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$FIL has been sliding inside this descending channel for months, and now it’s right back at the lower edge again.
This is the kind of spot where things usually get interesting. Every previous touch of this boundary led to at least a short-term bounce. Price is compressed, momentum is muted, and volatility is drying up, which often comes before a move.
If FIL can push back above 2.10 and build acceptance there, a relief rally toward the mid-channel is possible. But if this floor gives way cleanly, the structure weakens fast.
This isn’t a random level. It’s a make-or-break zone.
DYOR, NFA
#FIL #CryptoMarket