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$FIL Signal】Long | Breakout and Retest Confirmation
After completing the breakout on the 4H timeframe,
$FIL is currently undergoing a healthy retest and chip exchange below the previous high resistance zone. Price action indicates that buying pressure is continuously absorbing selling volume in the 0.969-0.975 range. The 4H candlestick shows low volatility convergence, which is a typical cooling pattern after a breakout.
Key data confirmation: Despite the price increase, open interest (OI) remains stable, and Taker Volume shows active buying dominance. This rules out a short squeeze and sugg