FIL · 1H · UPTREND

My last two reads on FIL were SHORT — the second one hit Target 2 at 0.6500, which was the right call. But the structure has completely reversed since then. Price didn't just recover; it ripped from 0.65 through every resistance level I was watching — 0.70, 0.72, 0.75, 0.80 — and is now printing the highest levels on this chart near 0.8900. The downtrend structure that anchored both previous reads is dead. I'm not carrying any bearish bias from those reads into this new environment — the chart has printed a full sequence of higher lows and higher highs from the September 1 low near 0.65 to the current high near 0.89. That's a completed move, and price is now pulling back off that high.

The news confirms the momentum: FIL gained roughly 20% from the 0.66 low driven by volume and capital rotation. Funding at 0.01% per 8h is mildly long-biased but not extreme — not a squeeze warning. The dense liquidation cluster at 0.8774 just above is already acting as resistance, which explains the current pullback. The cluster at 0.8290 below is the magnet if this corrects further — that's where longs are stacked and a sweep there would flush weak hands before any continuation. My interest is in buying a pullback into structural support, not chasing the high.