FIL: local squeeze with $0.8553 destination
The Macro Picture 🗺️
FIL unwound from the $1.3240 macro ceiling into a summer range and now sits at $0.7070, holding above the $0.6700 local low. Price is coiling in the lower half of the range with the floor intact — a base rebuilding, not a breakdown.
The Setup ⚙️
The Range Floor 🟢
$0.6700 (Local Low) is the demand shelf, with $0.6538 (Macro Support) as the deeper backstop just below. Both have held, and that's the base this range pivots on.
The Decision Point 🔴
$0.8190 (Local High) is the gate. A daily close above it flips the local structure bullish; the $0.8553 measured-move target sits just above it as the first objective.
The Roadmap 🛣️
Hold above $0.6700 → break $0.8190 → run toward $0.8553. Invalidation is a clean daily close below $0.6538 — that breaks the range.
This is a GRID Range Play: a defined band to rotate, buying the lower half and scaling out into the breakout.
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