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$FIL is finally making a move but look at where it just paused.
That massive green candle on the 1h chart caught everyone off guard. We just blasted through the 0.950 level like it wasn't even there.
Volume is definitely backing this move but we are hitting a bit of a ceiling around 1.10 right now. It’s normal to see some profit taking here after a 20% pump.
If it holds 1.05 as new support I’m looking for another leg up. If it fails there we might see a quick wick back down to fill that gap. Keeping a close eye on the order book because the buy pressure is still sitting heavy at 1.08.
#BitcoinBouncesBack