Filecoin Analysis on M15 Time Frame, April 19, 2025
Filecoin on M15 TF From April 17 to early April 18, the movement tended to be sideways and weakening. However, starting in mid-April 18, the price managed to break through the Moving Average (MA) line and move above it consistently, indicating a trend reversal to bullish. MA also started to climb, strengthening the signal that the current short-term trend is up
Trading Strategy Recommendation: Entry buy In the 2,465 - 2,470 zone if a bullish candlestick is formed (pin bar/doji with a lower tail). SL: Below 2,420. TP: Initial target 2,510, continue to 2,550 if the breakout is successful.