filecoin

In the current 4H market structure, Filecoin ($FIL ) is hovering around the $1.02 mark — right inside a critical Fibonacci retracement zone that could define the next directional move.
This isn’t just a routine pullback. What we’re seeing is a liquidity compression phase, where price action tightens into a technically reactive region. Historically, these zones tend to act as either:
🔹 Continuation launchpads when buyers defend the retracement, or🔻 Breakdown traps if sellers absorb demand and force a structural shift
Why This Zone Matters
The Fibonacci retracement region currently in play aligns with:
Previous micro support turned resistanceShort-term imbalance left by the last impulsive moveA developing volume contraction pattern
That combination transforms this level into a high-stakes decision cluster — where both breakout traders and dip buyers are watching closely.
If bulls reclaim momentum from here, it opens up the possibility of a volatility expansion toward higher resistance bands. However, a clean loss of this zone could shift sentiment into defensive mode, potentially triggering stop cascades below recent swing lows.
Market Behavior to Watch
Instead of reacting emotionally to price hovering near $1.00, smart positioning comes from observing:
Rejection wicks within the Fib zoneIncreasing buy-side deltaConsolidation above short-term support
This is where patience often outperforms prediction.
As always, confirmation beats anticipation — especially when price enters a technically dense region like this.

#Filecoin #CryptoTrading #TechnicalAnalysis #Altcoins #FibonacciSecrets