Haven't written a post about FIL for many days.
It's been about 4 days since I last wrote.
Since FIL dropped below 0.975, I posted that the FIL box structure has been broken and it's no longer suitable for going long.
I might remove FIL from my watchlist and stop daily analysis.
Today is Sunday, so doing a weekly analysis is still okay.
FIL's current price action is indeed just like I posted 4 days ago—retreating step by step, starting a downtrend structure. A continuous weakening.
Now the price is around 0.9. Whether it stabilizes, I believe it hasn't. The box consolidation lasted too long, and once the downtrend starts, compared to other coins, the pain and duration will be greater and longer.
Therefore, don't try to bottom-fish FIL. For those holding FIL long-term, either stay put or keep waiting until the macro environment fully improves. When new opportunities arise, I will continue posting updates.
For now, the best strategy is to wait and watch!!!
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