FIL has been relatively dormant during the current bull run. The only time it saw some serious volatility was during the first week of being tradable. Luckily for us, volatility picked up early last week and is seemingly here to stay for a while.
This trade is based on the idea that FIL has a lot of upside potential since it has been trading very stable over the last two months whilst most other crypto's saw >300% returns during the same time.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
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