2026-01-09 02:21:43

FIL is currently hovering around 1.504, and the four-hour rebound is losing momentum. From a moving average perspective, the price is being firmly pressed down by the dual resistance formed by MA60 (1.526) and MA120 (1.528). Multiple attempts to break through have been unsuccessful, which is a clear signal.

In terms of volume, activity is gradually waning, and the MACD is still moving sideways and struggling. Although the RSI once rose to 61, there was no accompanying increase in volume. This kind of divergence usually indicates the exhaustion of rebound momentum. Overall, this looks more like a false rally in the middle of a downtrend, and a reversal downward could happen at any time.

From a technical standpoint, the 1.504 level has already formed a clear resistance. The key support below is near the previous low of 1.450. The current rebound is losing steam, which instead presents an opportunity to participate in short positions. Waiting for another rally to go higher is often already too late.

FIL-0,26%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
6
Repost
Share

Comment

0/400

CryptoGoldmine

· 23h ago

Looking at the volume divergence, it's actually indicating that the momentum has peaked. RSI is rising but the trading volume can't keep up. I often see this kind of signal during mining machine scheduling, similar to when hash power suddenly surges but difficulty hasn't caught up with the adjustment. The 1.504 resistance level is indeed hard to break; a short-term bearish approach can be considered. --- The idea of a trap rally is a bit cliché, but the data does point to the 1.450 support. Instead of predicting how high the rebound can go, it's better to watch when the trading volume will become active again. --- The double pressure combined with sluggish volume is indeed a signal. But I'm more concerned about where the next support level is after breaking 1.450, so I can better plan my layout opportunities. --- Regarding the technical aspect, FIL is indeed a bit weak in this wave, but the hash rate-to-revenue ratio is the data I truly care about. At this price level, long-term holders are actually in a good position to accumulate on dips. --- MACD is still lingering below the waterline. It reminds me of the difficulty adjustment cycle of my 8-card mining rig a while ago—when momentum is insufficient, you just have to wait. --- The judgment that the rebound is gradually losing steam is reasonable, but from a mining perspective, a bear market is actually an opportunity window for accumulating hash power.

View OriginalReply0

SandwichTrader

· 01-09 05:43

It's the same trick again, rebounding and dying at the moving average line, truly incredible.

View OriginalReply0

MetaMisery

· 01-09 02:51

This rebound of FIL is really just a trap, with trading volume a complete mess. I saw it coming a long time ago.

View OriginalReply0

TopEscapeArtist

· 01-09 02:46

It's the same old trick again. The bagholders at high levels are already numb. MACD is still in the basement, and with such sluggish volume, I should have been bearish long ago. I was even bottom-fishing at 1.52 the day before yesterday, and now I'm just waiting to be smashed. If the 1.450 level really breaks, my stop-loss will have to follow and be taken out. I'm so tired of hearing the term "rebound trap."

View OriginalReply0

FunGibleTom