FIL

FIL recently broke below the triangle pattern and found support around $2.13, leading to a rebound. Yesterday, it closed up 6.3%, but trading volume did not increase with the price rise. In contrast, when it broke the pattern the day before, the price fell with increased volume, enhancing the bearish momentum. Yesterday's rise appears more like short covering.

The price may test the resistance zone upward. Based on the trading density area, resistance is stronger around $2.35 and between $2.48 to $2.53. This zone also falls between the Fibonacci 0.328 to 0.618 levels. Investors can choose to enter short positions in this zone. Take-profit targets can be set in batches at $2.05, $1.97, and $1.83. Stop-loss can be set according to personal risk tolerance, such as at $2.55 or $2.614.

Reference Points:

• Direction: Short

• Entry: $2.35 / $2.48 - $2.53

• Take Profit: $2.05 / $1.97 / $1.83

• Stop Loss: $2.55 / $2.614

PNUT

PNUT broke below the triangle pattern and found support around $0.203, leading to a rebound, but then encountered resistance at the lower edge of the triangle (around $0.2446) and fell. The price found support again at $0.1977 and rebounded, but it has already broken the previous low. It is expected that the price may pull back to test the resistance zone again before continuing the previous downtrend.

Investors can set up short positions around $0.225 for entry, which is approximately the Fibonacci 0.618 level and also a trading density area. Take-profit targets can be set in batches at $0.198, $0.182, and $0.155. Stop-loss can be set above the previous high at $0.2446.

Reference Points:

• Direction: Short

• Entry: $0.225

• Take Profit: $0.198 / $0.182 / $0.155

• Stop Loss: $0.2447

XLM

XLM broke above the long-term downtrend line and encountered resistance at $0.5206, leading to a decline. The price gradually formed a triangle pattern. This triangle is a continuation pattern, more akin to a pennant, suggesting the price may continue the previous uptrend and break upward.

At the time of writing, it is trading around $0.389, which is approximately the lower edge of the pennant. Investors can take this opportunity to enter long positions or buy spot, or wait for a volume breakout above the triangle before entering. Take-profit targets can be set in batches at $0.6, $0.71, and $0.825. Stop-loss can be set below the previous low at $0.361.

Reference Points:

• Direction: Long

• Entry: $0.389 (Market Price)

• Take Profit: $0.53 / $0.6 / $0.71 / $0.825

• Stop Loss: $0.361

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.