FILE Price Stuck at $0.70 Ahead of Potential Directional Explosion
FILE's price has been flatlining at $0.70 for some time, with major moving averages stacked above it and momentum at a standstill.
This is a textbook compression before a directional explosion, according to Zach Anderson.
The bear case targets $0.68 or $0.72 in the next 72 hours, with every rally attempt being absorbed by the moving average cluster.