There is an interesting technical breakthrough signal for FIL. The current price is around $1.52, having just completed an upward breakout from a descending wedge and successfully retested and confirmed the support — this pattern usually indicates short-term upward momentum.
If you are optimistic about this trend, the $1.50 to $1.55 range is a good area for building positions, as the current price is within this zone. The stop-loss can be set at $0.91, which is below the main support line, effectively controlling risk exposure.
From a chart structure perspective, the combination of wedge breakout and retest confirmation typically suggests the potential for a significant upward move. Of course, trading always requires respecting the first principle of risk management.
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BearMarketSurvivor
· 01-08 10:22
The wedge breakout is here again, always saying there's room for an increase, but what’s the result? FIL is still the same.
It's again 1.50-1.55, with a stop loss at 0.91, sounds just like last time. Is it reliable or not?
Can FIL stop relying solely on technical breakouts and give us some real action?
Talking about retest confirmation, I only trust volume. Is there any?
I entered at 1.52 but it directly dropped to 1.45. Is this your "upward momentum"?
Waiting and watching now. I'm hesitant to enter at this price. If it drops further, I’ll consider again.
Another descending wedge, then an upward breakout. The tactics are a bit deep, brother.
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quietly_staking
· 01-06 21:46
The narrative of wedge breakout has been heard too many times; FIL remains the same.
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Can it really go from 1.50 to 1.55? It looks like a trap for retail investors.
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Stop loss at 0.91... How much does it need to drop? That's pretty harsh.
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Backtesting confirms support sounds good, but I wonder if there will be another round of sharp decline.
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The chart looks nice, and that's it? I'll wait and see.
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Short-term upward momentum... said the same last time, and then what happened?
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I'm actually interested in trying the building position strategy, just afraid of becoming the bagholder.
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Is this time different? I've lost hope for FIL long ago.
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The first principle of risk management is correct; it all depends on who can truly implement it.
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Anyone buying around 1.52 must be a brave warrior.
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Old.Leek
· 01-05 11:42
The tycoons have already withdrawn their funds and left, leaving only a group of poor leeks still living in a dream😂
The wedge breakout retest strategy—no matter how well you describe it, it's still a game of probability. Whether the line at $0.91 can hold is the real question.
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FortuneTeller42
· 01-05 10:49
Sextant breakout retest confirmation? Sounds good, but FIL tends to reverse easily.
Entered half a position at $1.52, waiting to add more if it drops to 1.5.
In fact, the stop loss at 0.91 is a bit far; I might get stuck around 1.2 myself.
But honestly, can it really break through this time? It feels a bit uncertain.
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BTCWaveRider
· 01-05 10:27
The wedge breakout rhetoric is back again. Last time I heard this, I suffered a big loss, but this time FIL actually seems to have some potential.
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Trying a small position at $1.50, just to gamble a bit. Anyway, with stop-loss set, I feel at ease.
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I'm tired of hearing the same support confirmation backtest, but I have to admit, this time the pattern looks a bit promising.
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It's a wedge and support again. It feels like every day someone is talking about this, but the ones that can actually make money are rarely mentioned.
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If this FIL breakout is fake, I’ll just laugh. I haven’t been fooled this many times before.
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Is that $0.91 line really reliable? It feels a bit deep to set the stop there.
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Short-term upward momentum, huh? Then I’ll just play along. I don’t have much invested anyway.
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Wedge breakout plus backtest—this combo sounds convincing, but don’t let it turn into another mirror scam.
There is an interesting technical breakthrough signal for FIL. The current price is around $1.52, having just completed an upward breakout from a descending wedge and successfully retested and confirmed the support — this pattern usually indicates short-term upward momentum.
If you are optimistic about this trend, the $1.50 to $1.55 range is a good area for building positions, as the current price is within this zone. The stop-loss can be set at $0.91, which is below the main support line, effectively controlling risk exposure.
From a chart structure perspective, the combination of wedge breakout and retest confirmation typically suggests the potential for a significant upward move. Of course, trading always requires respecting the first principle of risk management.