【$FIL Signal】Pullback to Long! 1H Confirmed Rebound, Main Force Clearly Protecting the Market

$FIL The 1H timeframe experienced a violent surge of 19% yesterday and is now in a healthy retracement consolidation phase. The price found initial support around 1.05, and the 1H RSI(64.66) has pulled back from the overbought zone, gathering strength for another upward push. The 4H timeframe established an upward trend with a large bullish candle, and the current candlestick is retracing above the EMA20(1.0205), indicating a strong correction. Market depth data shows substantial buy orders below in the 1.04-1.05 range, clearly indicating main force protection. Open interest remains stable and has not dropped significantly with the price correction, suggesting that bullish positions are not panicking and exiting.

🎯Direction: Long (Long)

🎯Entry/Order: 1.048 - 1.052 (Reason: The 1H EMA20 support zone and the upper boundary of the dense trading zone, with strong buy orders on the order book)

🛑Stop Loss: 1.038 (Reason: Falling below the 4H large bullish candle start point at 1.039 and the lower boundary of the dense trading zone, indicating structural breakdown)

🚀Target 1: 1.085 - 1.090 (Reason: Previous high resistance area and the 1H Fibonacci 0.618 retracement level)

🚀Target 2: 1.105 - 1.110 (Reason: Yesterday’s high area, with potential to test 1.15 after breakthrough)

🛡️Trade Management:

- Position Size: Light (Reason: Significant intraday volatility requires risk control)

- Execution Strategy: After entering, if the price smoothly reaches Target 1, reduce position by 50% and move stop loss to the entry price(Break-even). The remaining position aims for Target 2. If the price shows stagnation or 1H bearish divergence in the 1.08-1.09 zone, exit all positions.

Depth Logic: Market logic suggests that price increases should be confirmed with open interest (OI). Currently, OI is stable, and the price correction has not triggered a liquidation of positions, which is typical of a “strong shakeout” pattern. The 1H RSI is consolidating in the middle, not entering oversold territory, and bullish momentum remains. The bid-ask spread is minimal, providing sufficient liquidity for short-term trading. The 4H EMA50(0.9641) has turned into a strong support, and the trend structure is upward. The core of the current strategy is to play the first retracement within the strong trend, with an excellent risk-reward ratio.

View real-time market 👇 $FIL

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