I've been tracking FIL recently, and now it's at a very interesting point.
Over the past week, the $1.50 level has been tested multiple times. If this time it can break through with volume and stabilize, the subsequent space could be quite significant. The key is whether it can surge upward in one go.
**Why is it worth paying attention now?**
Simply put, the position is right. The current price has been pushed down to the lower edge of recent volatility, with $1.50 serving as both a psychological barrier and a watershed between bulls and bears. Once this critical level's direction becomes clear, the momentum afterward is unlikely to be gentle.
**My specific trading plan:**
🔹 **When to act?** Two conditions must be met simultaneously: - The 4-hour closing price must confirm it has stabilized above $1.50 (a genuine breakout, not a false move) - Trading volume must significantly increase, at least 20% higher than the previous day's average volume (this is the real evidence of a breakout)
🔹 **How to set targets?** - First target is $1.70, where previous positions are concentrated, and it’s the first meaningful resistance after a breakout - Second target is $1.81; once the trend extends to here, consider reducing positions or protecting capital
🔹 **How to control risk?** Set stop-loss at $1.43 (confirmed by 4-hour close). If the price falls back here, it indicates the breakout failed, and it’s time to exit decisively. The potential risk-reward ratio for this trade is actually quite good.
Trading opportunities are everywhere, but only those that fit your system truly count. FIL’s current position just meets the criteria of structure, volume, and risk-reward ratio, making it worth waiting for that signal to appear.
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I've been tracking FIL recently, and now it's at a very interesting point.
Over the past week, the $1.50 level has been tested multiple times. If this time it can break through with volume and stabilize, the subsequent space could be quite significant. The key is whether it can surge upward in one go.
**Why is it worth paying attention now?**
Simply put, the position is right. The current price has been pushed down to the lower edge of recent volatility, with $1.50 serving as both a psychological barrier and a watershed between bulls and bears. Once this critical level's direction becomes clear, the momentum afterward is unlikely to be gentle.
**My specific trading plan:**
🔹 **When to act?** Two conditions must be met simultaneously:
- The 4-hour closing price must confirm it has stabilized above $1.50 (a genuine breakout, not a false move)
- Trading volume must significantly increase, at least 20% higher than the previous day's average volume (this is the real evidence of a breakout)
🔹 **How to set targets?**
- First target is $1.70, where previous positions are concentrated, and it’s the first meaningful resistance after a breakout
- Second target is $1.81; once the trend extends to here, consider reducing positions or protecting capital
🔹 **How to control risk?**
Set stop-loss at $1.43 (confirmed by 4-hour close). If the price falls back here, it indicates the breakout failed, and it’s time to exit decisively. The potential risk-reward ratio for this trade is actually quite good.
Trading opportunities are everywhere, but only those that fit your system truly count. FIL’s current position just meets the criteria of structure, volume, and risk-reward ratio, making it worth waiting for that signal to appear.